A new bilateral agreement will provide more than C$1.08 billion in funding to the province of Alberta for infrastructure works.
Early this month, Canadian Minister of Infrastructure and Communities, Amarjeet Sohi, and Alberta Minister of Infrastructure and Minister of Transportation, Brian Mason, announced plans that will make the funding available for two new federal projects, reported Railway Age.
The Public Transit Infrastructure Fund and the Clean Water and Wastewater Fund are the two project recipients of the grant. Fifty percent of the funding will come from the federal government, while the remaining half will come from the provincial government and municipalities.
Alberta is now the newest member of the larger, historic “Investing in Canada” initiative for improving public infrastructure throughout Canada over the next decade. The program is fueled by C$120 billion from the Government of Canada.
Funding will go toward 17 water and waste-water upgrades, 46 transit projects in Edmonton and three in Calgary, according to industry news source Canadian Manufacturing. In addition to improving infrastructure, the initiatives will also help create well-paying jobs.
As plans are finalized, the list of infrastructure projects across Alberta and all of Canada will continue to develop.