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Saskatoon capital budget declines for first time in more than a decade

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by Journal Of Commerce

The city of Saskatoon has introduced its 2012 capital budget, with a reduction to $340 million down from $351 million last year. The decline in price is the first such reduction in more than a decade.

The city of Saskatoon has introduced its 2012 capital budget, with a reduction to $340 million down from $351 million last year. The decline in price is the first such reduction in more than a decade.

The reduction is due to the Circle Dive South project nearing completion. Big projects include $129 million to service land in new neighbourhoods, $58 million for the completion of Circle Drive South and $750,000 for planning of a perimeter highway and a north bridge.

Transportation will also have a capital budget of 103.9 million, including rehabilitation of infrastructure. However, funding that infrastructure repair was cited as a key challenge, with only $8.1 million going to preservation and rehabilitation in 2012.

The budget also stated that “Building major transportation infrastructure such as bridges, overpasses and corridor improvements are currently delayed until well after they are required, creating more pressure on existing streets and bridges.”

JOC DIGITAL MEDIA

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