Edmonton LRT gets needed funding from province

The province will kick inthe necessary funding to completeEdmonton's southeastLRTline, Alberta Premier Alison Redford announced this morning.

Redford told mediashe got the message loud and clearfrom the city and Edmonton MLA's that LRT is their first priority.

The city waslooking for support from the province and federalgovernment to the tune of $515 million towards the$1.8 billion total for line.

Today the province announced it has committed:

• up to $250 million under GreenTRIP over three years beginning in 2016-17 upon approval under the second call for GreenTRIP projects,
• up to $150 million in matching provincial funding if the federal government approves this project under the new Building Canada Fund beginning in 2016-17, and
• up to $200 million in an interest-free loan to be repaid by the city over 10 years.

"Our larger cities like Edmonton and our smaller towns alike are dealing with Alberta's enormous growth," Redford said. "We'll go on investing in families and communities because buildingis the only thing that we can do for the future; not building is not an option."

Mayor DonIvesonis pleased, but he wasn'texactly jumping up and down about the loan portion of the support.

"It's not quite $600 million," he said.

"It's sort of $600 million because it's $400 million of dollars that we didn't have yesterday plus $200 million in an interest free loan that we trust we're going tohave the opportunity to apply for future green trip dollars, other provincial infrastructure dollars that are applicable to transit."

But he saidhe's glad the city can move ahead with the project and not lose a construction season,which would haveadded millions to the total cost of the project.

Ivesonwas bitterly disappointed after last week's provincial budget failed to add any new money towardsLRT funding, despite the province borrowing hundreds of millions of dollars to fund roadconstruction.

However, a day later Iveson saidHornerhad spoken with himabout where money could be freed up in the budget for public transitprojects.