A $1.52-billion municipal funding commitment for the Green Line LRT project has been approved in a vote by Calgary City Council.
On Monday, councillors approved to triple the municipal government’s allocated funding of $520 million, to be spread over three decades. It fulfills one-third of the estimated $4.6-billion cost to build the 46-kilometre, 25-station LRT project from Seton to North Pointe via downtown Calgary.
However, the City’s funding is contingent on whether the provincial government will match the funding. No funding has been promised from Rachel Notley’s NDP government as the city has not formally applied for assistance in covering the construction cost.
Justin Trudeau’s Liberal federal government has vowed to follow through with a previous Conservative government commitment to provide the project with $1.53 billion.
Under the previous federal government’s policies, levels of government were each required to cover a third of the cost of the project in order to obtain federal funding.
If all required funding is allocated, construction could start as early as spring 2016 with site preparation projects along the route. The corridor’s population is expected to grow significantly over the coming decades.
The Green Line is tentatively scheduled to open in late-2024. It is expected to attract a daily ridership of 90,000 people upon opening.
Map of the C-Train’s Green Line route.