The Government of Alberta has given its approval to the Green Line revival plan.
Last month, the City of Calgary submitted a revised business case to the province on the new plan to deliver the 20km light rail project which was paused last year due to “questions regarding project structures, risks and cost certainty”.
With the approval from the province, the city can continue with its plans to release a request for expressions of interest, with P3s set to play a major part in delivering the main segments of the project.
“I am confident that the Green Line is in a stronger, more certain position today, and is in the capable hands of an experienced project team that can take this important project forward,” said Ric McIver, Minister of Transportation and Minister of Municipal Affairs.
“Alberta's $1.53bn commitment toward the Green Line is a massive investment in the future of Calgary, one we are happy to make because we believe our best days are ahead of us.”
The project will now require the approval of the federal Treasury Board.
Over the last few months, Canada’s provinces have blazed a trail with their innovative risk sharing programs for major projects. To read our latest analysis click here.