Alberta municipalities will receive $2.27 billion over the next 10 years for infrastructure projects from the Gas Tax Fund Agreement with the federal government.
This year $208 million will be made available from for local projects across the province including:
- $62 million to Calgary,
- $44 million to Edmonton,
- $5.3 million to Red Deer
“The federal Gas Tax Fund gives communities the flexible funding they need to address their unique priorities,” said Premier Jim Prentice in a news release.
The fund, allocated on a per capita basis, provides long-term, stable funding for Canadian municipalities for projects such as public transit, water and sewage, roads and bridges, tourism and recreation among others.
“We know the importance of infrastructure projects to communities across Alberta, many of which are experiencing record levels of growth,” Rona Ambrose, federal health minister and regional minister for Northern Alberta.
Edmonton has already committed its share of the money to expanding the LRT.