EDMONTON, Alta. - The Province of Alberta has struck gold - or oil, at least - and it's planning to spend much of its unexpected new windfall on highways.The province has announced it will realize an ...
EDMONTON, Alta. – The Province of Alberta has struck gold – or oil, at least – and it’s planning to spend much of its unexpected new windfall on highways.
The province has announced it will realize an unexpected budget surplus of $1.8 billion this year thanks to strong performances in the oil and gas sector and an overall strong provincial economy. As a result, the province is endorsing a new spending strategy for the upcoming year, which will see more money spent on roads.
“Every dollar of this surplus will be dedicated to priority areas for Albertans,” says Premier Ralph Klein. “Albertans need new infrastructure to accommodate the dramatic growth the province is experiencing.” In fact, about half of the surplus – $910 million – will be spent on capital works and infrastructure needs.
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