EDMONTON, Alta. — The spending freeze is over and the province of Alberta will begin shelling out more money for roads.
It’s expected the province will commit at least $3.5 billion in spending over the next three years, some of which will be directed towards Alberta highways. More details are expected to emerge after an upcoming meeting of the government’s Treasury Board.
The promising news comes after the province announced it will be enjoying a better financial outlook than originally expected. A strong oilpatch helped the province recover from the expenses caused by the drought and forest fires last summer.
Highways are expected to be among the priorities when it comes time to dole out the newfound cash.
“More than 52,000 people moved to Alberta since October, 2001 and they did not bring their own schools hospitals and roads with them,” Infrastructure Minister, Ty Lund, tells local media.
The province will be taking a close look at public-private partnerships as well as issuing bonds for major projects.
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