RICHES TO RAGS: Alberta is willing to go into debt to keep its highways up to par.
EDMONTON, Alta. – The Alberta government is prepared to give up its ‘debt-free’ status in order to borrow money to address its infrastructure shortcomings.
The province has a $7.2 billion infrastructure deficit and Infrastructure and Transport Minister, Lyle Oberg, suggests it may be worthwhile borrowing money to address that. He says special Alberta bonds may be issued to help raise funds, while the province would also take out bank loans and enter into more public-private partnerships.
The report also calls on MLAs “to approve debt financing options for alternative financing in order to meet the infrastructure deficit and escalating pressures in the province.”
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