Feds promise $250M for southeast LRT
CBC News
Posted: Mar 14, 2013 9:02 PM MT
Last Updated: Mar 14, 2013 9:36 PM MT
The city’s proposed LRT line connecting Mill Woods to downtown has received a major funding boost, with the federal government pledging up to $250 million from the P3 Canada Fund.
The amount falls short of the $400 million the city was hoping to receive from the fund, which is set up to pay for infrastructure projects in partnership with other government and private companies.
“This was a huge step, because without this step we don’t go to step two,” said Mayor Stephen Mandel.
Mandel estimates that the city has lined up about $1 billion of the line's $1.8 billion estimated cost.
He said he’s also confident that another $300 million will come from the province, although the city has not yet applied for the money.
“We believe we covered all the bases. At the end of the day, this is a project that will be built, and be successful, based on the team we put together.”
However, some are not optimistic about building the line using a public-private partnership.
Bill Moore-Kilgannon, executive-director of Public Interest Alberta, worried that a P3 deal will mean higher costs for the project in the long run.
“The city could borrow the money much cheaper than a private organization can,” he said.
Moore-Kilgannon said while he supports the LRT expansion, he’s disappointed that the money came with the condition of the project being a P3.
He worries the partnership might cause problems when it comes to the maintenance and operation of the LRT line. “If there's a maintenance problem who do you call? Not City Hall. Not Edmonton Transit. But you have to call this corporation.”
The city aims to start construction on the southeast line by late 2014 or early 2015, with construction expected to be completed in 2017.
Share Tools
Latest Edmonton News Headlines
- Edmonton driver, 62, charged in boy's patio death
- A 62-year-old Edmonton man is facing numerous impaired driving-related charges after a two-year-old boy was killed when a SUV crashed through a dining patio at a south Edmonton restaurant Sunday night. more »
- Unlicensed teen ticketed for high-speed drive
- A teenage girl without a licence pulled over for speeding on a highway near Calgary is facing several charges. more »
- Alberta's beef industry: 10 years after mad cow crisis
- Alberta's beef industry is still in decline, with Canadians eating less of the meat and fewer producers raising cattle 10 years after BSE, or mad cow disease, savaged the industry. more »
- Edmonton man runs into traffic, killed by car
- A 26-year-old man became the city's third traffic death on the long weekend early Monday morning after he was hit by car in southwest Edmonton. more »
Must Watch
Top News Headlines
- Will alleged Rob Ford video overshadow Toronto casino debate?
- A debate about a proposed downtown casino is supposed to take centre stage at Toronto City Hall on Tuesday, but it seems a safe bet that a still-unseen video of Mayor Rob Ford will continue to be a topic of conversation. more »
- Harper to address Tory caucus amid Senate scandal
- Conservatives gathered Monday night to mourn the passing of a key architect in their rise to power — and to brace for the toughest test Prime Minister Stephen Harper's government has faced since taking office on a promise to clean up politics in the national capital. more »
- Keith Boag: Have you heard about the murderous abortion doctor?
- The gruesome trial and murder conviction of Philadelphia abortion provider Dr. Kermit Gosnell is unlikely to change American abortion law, Keith Boag writes. But it has U.S. journalists questioning their priorities and how they cover such a sensitive issue. more »
- Fearful Oklahoma families search for children
- The parents and guardians stood in the muddy grass outside a suburban Oklahoma City church, listening intently as someone with a bullhorn called out the names of children who were being dropped off — survivors of Monday's deadly tornado. more »
- Edmonton driver, 62, charged in boy's patio death
- Stunt victim was about to be married, attend U of A
- Jeep driver apologizes after stunt kills Edmonton woman
- Edmonton man runs into traffic, killed by car
- Unlicensed teen ticketed for high-speed drive
- Abducted woman found
- Man charged in stabbings near Kingsway transit station
- Six campers rescued after getting lost in Kananaskis Country
- Alberta's beef industry: 10 years after mad cow crisis

