The federal government has committed up to $582.9 million for the Southwest Calgary Ring Road Project under the National Infrastructure Component of the New Building Canada Fund. The work is expected to ease congestion, reduce travel times and improve safety on the highway commonly known as the Stoney Trail.
"We are proud to invest in the Calgary Southwest Ring road, which will help drivers reach their destinations more quickly and safely," said Calgary MP Jason Kenney. "In fact, the Government's support for public infrastructure has never been stronger. We want to ensure that infrastructure funding continues to flow in Alberta and across Canada."
The project involves the construction of 31 km of highway, 46 bridges, 10 service level interchanges, four multi-level major interchanges and the replacement of a bridge over a CP Rail line. The venture is expected to boost the local and regional economy by generating more than $800 million in labour income, contributing to industrial developments in Calgary and improving access for industrial producers and shippers moving goods to British Columbia and Port Metro Vancouver via Highway 1. It will also reduce travel times and increase traffic flow for tourists from the United States.
The project was made possible by a recent land-transfer agreement between the Government of Alberta and the Tsuu T'ina Nation. The highway improvements are expected to allow the Tsuu T'ina Nation to expand and diversify their economy. For the City of Calgary, the project will provide new housing development space, as well as increased services to support regional population growth.
The funding is conditional on the project meeting applicable federal eligibility requirements with respect to the New Building Canada Fund and the signing of a contribution agreement.
The Government of Alberta will be responsible for all remaining costs of the project.
It's the second large federal investment in the city in less than a month. On July 24, the federal government has announced 1.5 billion dollars from the Public Transit Fund will be awarded to the Green Line project in Calgary. It is the single largest infrastructure investment in Alberta's history.
The Green Line was initially planned to be constructed over more than 30 years, starting as a bus-only Transitway, and later converting to LRT.
The 40-kilometre light rail line will now begin construction in 2017 and be completed by 2024.