Alberta to provide $1.17bn for Green Line LRT project in Calgary

Alberta

July 11 2017 – The government of Alberta is set to provide CAD1.53bn ($1.17bn) in funding for the construction of the first stage of Green Line LRT in Calgary.

The 46km long Calgary Green Line will entail an investment of CAD4.6bn ($3.5bn). It will serve over 60,000 Calgarians daily by safely and efficiently connecting communities from 16th Avenue North through the downtown core to Shepard in the southeast.

Rachel Notley, Premier of Alberta, said: “The Green Line project is about connecting Albertans – to work, to recreation and to home to spend time with their loved ones. This important investment will also create much-needed local jobs, support the quality of life in the city of Calgary and help to protect our environment now and in the future.”

During the first phase, construction of Green Line project is estimated to create over 12,000 direct jobs and more than 8,000 supporting jobs, including engineering, planning and administration.

Additionally, the project will support new, transit-oriented developments such as Quarry Park in the south, where people can live, work and play, and have access to jobs and services across Calgary.

The first phase of Green Line project will be completed in 2026 which will help to reduce greenhouse gas (GHG) emissions by 30,000 tonnes of CO2 annually.

Once the full Green Line LRT is completed, the project is estimated to reduce GHG emissions by 55,000 tonnes of CO2 annually by 2048, growing to 67,000 tonnes per annum in 2076.

The Alberta government has already pledged over CAD345m ($265.6m) to Calgary LRT projects, including nearly CAD148m ($114m) for Green Line early works and nearly CAD197m ($151.6m) for previously approved projects, including the 17th Avenue Southeast Transitway.

With the CAD148m ($114m) in provincial GreenTRIP support announced in December 2016 for Green Line early works, the total provincial contribution towards the Green Line stood at CAD1.68bn ($1.29bn).

Source:- http://www.worldconstructionnetwork.com/news/alberta-to-provide-117bn-for-green-line-lrt-project-in-calgary/

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