EDMONTON, Alta. — Alberta unveiled its provincial budget yesterday, which includes a commitment to spend $1.94 billion on capital investments in 2008/09. That’s a 30.2% increase over last year.
Capital investments will go towards projects such as: ring roads in Calgary and Edmonton; continuing work on a north-south trade corridor through the province; rehabilitation work on provincial highways; the widening of several highways; the continued twinning of Hwy. 63 between Hwy. 55 and Fort McMurray; and construction of the new Athabasca River Bridge on Hwy. 63.
The province also announced it will increase program expenses to $2.2 billion, a 6.6% increase over 07/08. The increase includes $60 million for highway preservation and maintenance.
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