https://www.youtube.com/watch?v=TLk5WfK55iI
It looks like the railway side of the road is earmarked for greenspace along that stretch in addition to road widening (at the 10:30 mark in the video). I don't think the project is starting until at least 2027, and I believe they are starting at the Winnipeg Street end. It also mentions making the area less industrial.
Just noticed that the North Albert Ring Road bridge rebuild tender went up today. 2 more years of full construction season Ring Road restrictions.