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News » International » Calgary LRT secures $1.53bn funding commitment » published 6 Jul 2017

Calgary LRT secures $1.53bn funding commitment

The government of the Canadian province of Alberta has agreed to contribute a third of the CA$4.65bn (£2.84bn) needed to build the first stage of the planned Calgary Green Line light rail transit (LRT) system.

The province has announced that it will provide up to CA$1.53bn over eight years to support project, using funds from the Climate Leadership Plan.

The Calgary Green Line is expected to serve more than 60,000 people a day by connecting communities from 16th Avenue North through the downtown core to Shepard in the southeast.

Plans for the scheme had been set out in May (link to TCI's Canadian site opens in new tab).

In the 10 years leading up to opening day, Stage 1 of Green Line construction is estimated to create more than 12,000 direct  jobs and over 8,000 supporting jobs, such as engineering, planning and administration. The project will also support new, transit-oriented developments such as Quarry Park in the south.

“As the largest public infrastructure project in our history, the Green Line will transform our city,” said Naheed Nenshi, mayor of Calgary. “This is an investment in quality of life for all Calgarians—an investment that will also create jobs and encourage economic and community development. I’m proud of the work we’ve all done to get here today and I’m thrilled to have the Government of Alberta on board.”

Jeff Binks, president, LRT on the Green Foundation added: “All three orders of government should be commended on how they’ve worked together to turn this project into a reality.”



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This article was published on 6 Jul 2017 (last updated on 6 Jul 2017).

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