Canada's Economic Action Plan Funds Okotoks Road Work
32nd Street bridge to get an upgrade
Okotoks, Alberta, September 2, 2009 – Ted Menzies, Member of Parliament for Macleod and Parliamentary Secretary to the Minister of Finance, and George Groeneveld, Minister of Alberta Agriculture and Rural Development and MLA for Highwood, announced that residents of Okotoks will benefit from up to $22 million in joint federal-provincial investments to upgrade 32nd Street and the Canadian Pacific Railway (CPR) crossing in Okotoks.
"Today's investment is an example of our Government's commitment to work in partnership with the province to boost our economy and create jobs for Albertans," said MP Menzies.
"This important road work in Okotoks will create local jobs in the short-term and provide a more modern and safe bridge crossing in the long-term."
"This co-investment will address this much-needed road and bridge project in Okotoks," said Minister Groeneveld.
"It will also help keep Albertans working – one of the province's priorities in these economic times."
The project involves the construction of a two-lane roadway, a road bridge and CPR grade-separated crossing on the 32nd Street alignment over the Sheep River. The project will provide a critical second road crossing over the river. Construction is scheduled to begin in October 2009.
The Government of Canada and the Government of Alberta will provide up to $11 million each, and the Town of Okotoks will provide the remaining $11 million for this $33-million project. Federal funding comes from the Infrastructure Stimulus Fund, part of Canada's Economic Action Plan.
"Okotoks has grown 85% over the past eight years," said Mayor Bill McAlpine.
"The 32nd Street Bridge is required to service our current and future population."
The new federal $4-billion Infrastructure Stimulus Fund provides funding to provincial, territorial and municipal construction-ready infrastructure projects that will be built during this year's and next year's construction seasons. The Government of Canada's Economic Action Plan is accelerating and expanding the existing federal investment of $33 billion in infrastructure with almost $12 billion in new infrastructure stimulus funding over two years.
Central to Alberta's Budget 2009 is Alberta's Capital Plan, which supports $7.7 billion in 2009-10 and a record $23.7 billion over three years to build roads, health care facilities, schools and other public infrastructure. This year's investment alone will support over 80,000 jobs across the economy directly benefitting Albertans and Alberta communities. This capital investment complements the government's four-point plan for economic recovery, which calls for keeping a close eye on government spending, drawing down our savings to protect the programs and services Albertans depend on, continuing to invest in public infrastructure to support jobs and the economy, and promoting the province to a global market, while working to reduce the costs of doing business.
Canada and Alberta are working together to create jobs and boost the economy, while making significant investments that help communities improve their infrastructure. Both governments have agreed to work together to ensure that these funds are delivered quickly and efficiently to municipalities in Alberta.
For more information, please contact:
Office of the Honourable Rob Merrifield
Minister of State (Transport) Office of
FUNDING FOR ROAD UPGRADES IN OKOTOKS
Through Canada's Economic Action Plan, the federal government has established a new $4-billion Infrastructure Stimulus Fund that provides funding to provincial, territorial and municipal construction-ready infrastructure rehabilitation projects. Funding is available for two years for projects that will be built during the 2009 and 2010 construction seasons.
The Government of Canada and the Government of Alberta are providing up to $22 million to support upgrades to 32nd Street and the Canadian Pacific Railway (CPR) crossing in Okotoks. This project includes:
- constructing a two-lane roadway and bridge over the Sheep River on the 32nd Street alignment; and
- constructing a grade separation at the CPR crossing.
The total cost of the project is approximately $33 million. The federal government will provide up to one-third of total eligible costs, to a maximum of $11 million. The Government of Alberta is also committing up to $11 million, and the balance of the funding will be provided by the Town of Okotoks.
The 32nd Street corridor is a key transportation link and truck route for the Foothills region. The project will provide a critical second road crossing over the Sheep River, which will improve public safety and emergency response time. The improved crossing will also help to reduce traffic congestion and delays. Construction is expected to begin in October 2009.
In addition, this investment provides immediate economic stimulus by creating jobs and long-term sustainability.
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