The Richmond-Airport-Vancouver (RAV) Link project, currently renamed the Canada Line, involved the development of a light rail line under a 35-year design, build, finance, operate, and maintain (DBFOM) scheme. The Canada Line connects central Richmond, the Vancouver International Airport, and Waterfront Station in downtown Vancouver where passengers can transfer to other light rail transit lines in the city. The project value was C$1.9 billion and reached financial close in 2005; it was completed ahead of schedule and on budget in August 2009, in time for the 2010 Winter Olympics. It is 19 kilometers long, with 16 new stations, and is aimed at improving current travel times on the city's northwest corridor.