Edmonton Valley Line LRT received provincial funding!
After the Alberta Government released the 2014 Provincial Budget, which did not include $365 million still needed to get the Edmonton Valley Line LRT built, many Edmontonians had their doubts the project would still go through. However, those thoughts were put to rest when Alberta Premier Alison Redford announced the province will provide up to $600 million to help finance the project. The financial aid breakdown is as follows:
- • Up to $250 million over the course of three years under GreenTRIP.
- • Under the new Building Canada Fund up to $150 million in matching provincial funding.
- • An interest-free loan of up to $200 million to be repaid by The City of Edmonton over 10 years.
The Edmonton Valley Line LRT will run from Mill Woods to 102 Avenue in Downtown Edmonton. As of today, construction is scheduled to begin in 2016 and will hopefully open to the public by the end of 2020. This news was especially well received by residents in southeast Edmonton who have waited nearly a decade for an LRT expansion.
- • Other Edmonton LRT lines include:
- • Capital Line: from northeast Edmonton to Heritage Valley
- • Metro Line: from St. Albert to Health Sciences LRT Station
- • Festival Line: from Sherwood Park to Ellerslie
Check out the City of Edmonton website for more information on future Edmonton LRT lines.