West leaders welcome idea of federal infrastructure money as falling oil prices hurt
THE CANADIAN PRESS
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Published on: January 20, 2016 | Last Updated: January 20, 2016 1:23 PM CST
Saskatchewan Premier Brad Wall during a scrum regarding the possibility of a $1-billion stimulus package from the federal government for Alberta and Saskatchewan. DON HEALY / REGINA LEADER-POST
REGINA — Political leaders in Saskatchewan and Alberta are welcoming word of federal money to help with infrastructure projects during tough times.
A report by Bloomberg News says Ottawa is in talks to allocate $1 billion for infrastructure projects in the two provinces. Details are scarce, with Bloomberg simply reporting the money will come from cash “earmarked by the previous government’s infrastructure fund, but not yet delivered.” The focus is on Saskatchewan and Alberta where the “oil-price shock is strongest.”
Saskatchewan Premier Brad Wall says the news, if true, is hopeful and his province has projects ready to go.
Wall says he spoke with Justin Trudeau on Monday and the prime minister understands that the West has been boosting the Canadian economy for about a decade.
Alberta Infrastructure Minister Brian Mason says investment in major infrastructure projects would help create good paying jobs and stimulate economic growth.
Saskatchewan and Alberta have taken a big hit in revenue because of the drop in oil prices.
Saskatoon Mayor Don Atchison says news of a possible billion-dollar stimulus deal for Saskatchewan and Alberta is “fantastic” and the Bridge City should be “No. 1” in line to receive infrastructure funding.
“We have projects that are on the shelf. We just have to dust them off and away we go,” Atchison said, citing the need to replace water and sewage lines and build and improve interchanges.
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Source
http://thestarphoenix.com/news/local-new...ructure-money-as-falling-oil-prices-hurt
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So how is this stimulus going to impact Saskatoon and area? I'd guess those Warman and Martensville interchanges may go ahead sooner than expected.