Alberta has become the sixth province or territory to sign a bilateral infrastructure agreement with the federal government, with close to $3.4 billion allocated to the province over the next decade.
As with all of the bilateral agreements, the funding is provided in four specific areas. The $3,397,857,039 is divided amongst the four areas as follows:
- Public Transit – $2,096,548,228
- Green Infrastructure – $1,001,082,871
- Community, Culture, and Recreation Infrastructure – $140,575,109
- Rural and Northern Communities Infrastructure – $159,650,831
The maximum transit allocations for Edmonton and Calgary, based on the funding provided, are:
- Calgary – $1,089,076,848
- Edmonton – $877,984,551
“This historic infrastructure agreement provides communities of every size across Alberta the opportunity to drive economic growth and support families and businesses,” said Sandra Jansen, Alberta’s minister of infrastructure. “This $3.3 billion investment in Alberta will support public transit, green infrastructure, cultural and recreational buildings, and help build rural and northern communities.”
This new funding will see the Government of Canada and the Government of Alberta make strong investments in public transit, green infrastructure, recreational cultural, and community infrastructure, as well as rural and northern communities.
These investments will have benefits for people in communities across the province, including:
- Faster commutes and travel times for more people, and easier movement of goods for businesses;
- Cleaner air and water;
- Reduced greenhouse gas emissions;
- Smarter and more efficient cities;
- Sustainable water management;
- Enhanced public parks, recreational facilities and other spaces that make communities great places to live; and
- Better transportation and digital infrastructure for people living in remote communities.
The funding builds on Alberta’s 2018 Capital Plan, which commits $26.6 billion over five years to support priority infrastructure projects across the province.