Red Deer Transit to benefit from joint funding announcement
A major funding boost from the federal and provincial governments may soon be driving significant transit infrastructure improvements in the City of Red Deer.
This week, the Honourable Amarjeet Sohi, Minister of Infrastructure and Communities, along with the Honourable Sandra Jansen, Alberta Minister of Infrastructure, announced the signing of a bilateral agreement that will provide more than $3.3 billion in federal funding over the next decade through the Investing in Canada plan for infrastructure projects. Officials say the projects supported through the agreement will be cost-shared with the Alberta Government, municipalities and other partners.
It’s anticipated the City of Red Deer will receive up to $38,626,813 in federal funding for significant upgrades to its transit system under the public transit stream of funding.
Other funding streams include green infrastructure, recreational, cultural and community infrastructure, as well as rural and northern communities.