Irwin Richard Franz has been charged with failing to stop at the scene of an accident causing bodily harm or death.
Leung, a grade 10 student at Riverside Secondary School died in hospital after she was hit at the marked crosswalk at Mary Hill Road and Pitt River Road on Sept. 10, 2013.
Police released surveillance tape from the scene showing an older man with greying hair driving a black pickup truck with a black canopy that left the scene after the girl was hit.
On Thursday investigators said they received more than 100 tips leading them to execute several search warrants before eventually arresting and charging Franz.
Police say Franz had a valid driver's licence at the time of the crash but would not say if he is still driving.
He is not considered a flight risk and was released from custody pending a court appearance on Aug. 25. If convicted he faces a maximum sentence of life in prison.
Google Maps: Mary Hill Road and Pitt River Road, Coquitlam