Canada and Alberta to invest $397m in highway projects

TIN news: The governments of Canada and Alberta have agreed to make an investment of C$535m ($397m) in provincial highway projects in order to improve transport infrastructure that will allow easy movement of people and products in the region.  

Funding will be used towards ten bundled highway rehabilitation and improvements in Alberta, totalling 96 sub-component construction project across the province.

The Canadian Government will provide funding of nearly C$255m ($189m), which is equivalent to 50% of eligible costs for these projects, and Alberta's government will be making an investment of approximately C$279m ($207m).

Canada Minister of Infrastructure and Communities Amarjeet Sohi said: “The Government of Canada’s investments in trade and transportation infrastructure will build stronger, more efficient transportation corridors to regional and international markets and help Canadian business to compete, grow, and create more jobs for Canada’s middle-class.

“These investments in highway infrastructure across Alberta will support economic growth and provide safer and more efficient transportation routes for Canadians.”

It is expected that these investments will help businesses across agricultural, manufacturing and resource industries as they will have better access to the local, regional, national and international markets. Works are also expected to improve the safety of motorists on the highways.

Alberta Minister of Infrastructure and Minister of Transportation Brian Mason said: “By working with our federal counterparts we are able to do even more to improve highways, connect communities and enhance the movement of goods and services across Alberta. 

“This joint investment supports nearly 100 road and bridge projects from Taber to Peace River and dozens of communities in between as we work to make lives better right across the province.”