The recent release of the 2014 Provincial Budget brought with it some new details regarding the funding of the Southwest Calgary Ring Road. In addition, the Province has released some initial timing and staging details regarding the implementation of the road, including the possible division of the road into two separate construction projects.
The Budget and the $5 Billion Price Tag
Released on March 6, the 2014 Alberta Budget sets aside $2.698 billion towards both Calgary and Edmonton’s ring road projects over the next three years. Of this, Finance Minister Doug Horner noted that $1.8 billion is to be dedicated to the Southwest Calgary Ring Road. In an address on March 7 to the Calgary Chamber of Commerce, Minister Horner reportedly stated that the full construction of the remaining portion of Calgary’s ring road would cost around $5 billion. The decision to deliver the project via traditional delivery or through Public Private Partnerships has yet to be made, and the Province is currently “investigating the viability of delivering the final segment of Calgary’s ring road in two separate projects using the Public Private Partnership (P3) procurement process” Continue reading “Ring Road Update March 2014”







