Yesterday afternoon, Alberta and Canada announced a bilateral agreement providing more than $3.3 billion in federal funding, with a significant green infrastructure component.
Amarjeet Sohi, Minister of Infrastructure and Communities, and the Honourable Sandra Jansen, Alberta Minister of Infrastructure, announced the signing of the bilateral agreement that will provide more funding through the Investing in Canada plan over the next decade for infrastructure projects. These projects will be cost-shared with the Alberta government, municipalities, and other partners.
“Today’s agreement will provide the long-term predictable funding required to meet the needs of all Albertans, from those living in busy city centres to remote rural towns,” said Minister Sohi. “I look forward to continuing to work with our provincial, municipal and Indigenous partners to make strategic investments in Alberta that will build inclusive resilient communities where everyone has opportunities to succeed.”
Over ten years, the federal government will provide slightly more than $1 billion in dedicated green infrastructure funding to the province, which will be directed towards an enhanced natural and structural capacities to adapt to climate change; an increased capacity to treat and manage stormwater and wastewater; and increased access to potable water.
“This historic infrastructure agreement provides communities of every size across Alberta the opportunity to drive economic growth and support families and businesses,” said Minister Jansen. “This $3.3 billion investment in Alberta will support public transit, green infrastructure, cultural and recreational buildings, and help build rural and northern communities.”
The funding announced today builds on Alberta’s 2018 Capital Plan, which commits $26.6 billion over five years to support priority infrastructure projects across the province.