29 Jan Edmonton Valley Line Project Agreement
The Edmonton Valley Line Project Agreement: What You Need to Know
The Edmonton Valley Line Project Agreement, signed in 2017, is a landmark agreement that will transform Edmonton`s transportation system. The agreement is between the City of Edmonton, the Government of Alberta, and the Government of Canada, and it outlines the funding and construction of the Valley Line LRT, a 27-kilometre line that will connect downtown Edmonton to Mill Woods in the southeast.
What is the Edmonton Valley Line?
The Edmonton Valley Line is a new addition to the city`s Light Rail Transit (LRT) system. The line will have 28 stops, including five underground stations in the downtown core. The Valley Line is expected to carry 100,000 passengers per day, and it will provide an important link between downtown Edmonton and the city`s southeast communities.
Why is the Edmonton Valley Line important?
The Edmonton Valley Line is important for a number of reasons. First and foremost, it will improve transportation options for Edmontonians. By providing a reliable and efficient LRT system, the Valley Line will make it easier for residents to get around the city. It will also help to reduce traffic congestion and improve air quality.
The Valley Line is also expected to have a positive economic impact. The construction of the line will create jobs and stimulate economic growth in the city. Once the line is operational, it will provide a boost to local businesses and encourage new development in the southeast.
What is the Edmonton Valley Line Project Agreement?
The Edmonton Valley Line Project Agreement is a partnership between the City of Edmonton, the Government of Alberta, and the Government of Canada. The agreement outlines the funding and construction of the Valley Line LRT.
Under the agreement, the City of Edmonton is responsible for the design, construction, and operation of the Valley Line. The Government of Alberta and the Government of Canada have committed to providing funding to support the project.
The total cost of the Valley Line is estimated at $1.8 billion. The Government of Alberta has committed to providing $1.04 billion in funding, while the Government of Canada has committed to providing $1.02 billion. The City of Edmonton will provide the remaining funding.
The Edmonton Valley Line Project Agreement is a significant achievement for the city. It represents a major investment in Edmonton`s transportation infrastructure, and it will help to create a more sustainable and livable city for future generations.
Conclusion
The Edmonton Valley Line Project Agreement is an important partnership between the City of Edmonton, the Government of Alberta, and the Government of Canada. It outlines the funding and construction of the Valley Line LRT, which will provide important transportation links between downtown Edmonton and the southeast communities of the city.
The Valley Line is an important investment in Edmonton`s transportation infrastructure. It will improve transportation options for Edmontonians, help to reduce traffic congestion, and stimulate economic growth in the city. The Edmonton Valley Line Project Agreement represents a major achievement for the city, and it will help to create a more sustainable and livable Edmonton for future generations.