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Edmonton LRT extension gets new provincial funding

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by Journal Of Commerce

The Alberta government is investing $497 million to help support the City of Edmonton's plan to extend the existing LRT system from the downtown Churchill Station to Grant MacEwan University and then on to the NAIT campus.

The Alberta government is investing $497 million to help support the City of Edmonton's plan to extend the existing LRT system from the downtown Churchill Station to Grant MacEwan University and then on to the NAIT campus.

“Transportation plays a vital role in enhancing the high quality of life in our community,” said Edmonton Mayor Stephen Mandel. “This funding demonstrates our shared priorities with the province, a key partner in helping us shift to increasingly more environmentally-responsible modes of transportation. It truly is an investment in the economic, social and environmental future of our capital region.”

The province is providing $70 million from the 2010-11 budget to the City of Edmonton to cover project costs already incurred. The funding is part of the $2 billion Green Transit Incentives Program (GreenTRIP), which provides one-time capital funding for new and expanded public transportation projects throughout Alberta.

The province’s share of this project is two-thirds of the estimated eligible project cost of $745 million.

Applicants are required to contribute at least one-third of the capital cost of a project. GreenTRIP funding does not flow all at once; rather, funding is allocated on a “pay-on-progress” basis.

JOC NEWS SERVICE

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