EDMONTON, ALTA. – The Alberta government is doubling up on its capital plan.
Capital maintenance and renewal (CMR) funding will go from $937 million to $1.9 billion for 2020-21 and will focus on infrastructure projects that will keep workers employed in the wake of economic damage caused by the COVID-19 pandemic.
“These infrastructure investments will be focused on projects that can be actioned quickly. By doubling our capital maintenance and renewal project funds, we will deliver much-needed improvements to important assets, keep companies operating and most importantly, keep Albertans working. As the weather improves and buildings are empty, now is the perfect time for us to act,” Alberta premier Jason Kenney said.
“Investing in road construction and maintenance represents excellent value for taxpayers. This significant contribution will create thousands of jobs and economic benefits to communities across Alberta. On behalf of our 800 member companies, the ARHCA thanks the Alberta government for this substantial investment,” Alberta Roadbuilders and Heavy Construction Association CEO Ron Glen said.
Acceleration of the capital plan will include $410 million for transportation projects with $60 million covering operations covering pothole repair across the province. 114 projects are currently in the planning and design process and 95 projects are currently under construction including 27 schools and nine major bridge and road projects.