Wildrose leader Brian Jean promises to finish Calgary ring road by 2021
http://calgaryherald.com/news/politi...g-road-by-2021
Jean said the Wildrose would use existing funds from the Municipal Sustainability Initiative as well as allocating the party’s proposed 10/10 MSI plan, which sees municipalities receive 10 per cent of provincial tax revenue and 10 per cent of budget surpluses, to kick-start construction of the long-delayed southwest portion of the road.
“Financing for this project is estimated at approximately at $1.5 billion,” he said. “(Funding) would predominately come from the Regional Infrastructure Fund featured in our 10/10 MSI plan for supporting our cities.”
That translates to about $2 billion annually with $1.6 billion from the Municipal Sustainability Initiative fund, $110 million in water and wastewater funding and $300 million from a new regional infrastructure fund that would receive 15 per cent of all future surpluses, Jean said.
“Because it is based on a fixed portion it is predictable, it is stable, it is not subject to oil prices and it is not subject to broken promises of PC politicians,” he said.
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Last month’s provincial budget saw the Prentice Tories announce the west leg of the ring road — stretching from 16th Ave. N.W. to Glenmore Trail — would not see construction begin until 2021 due to plummeting oil prices. But the Tories maintain the longer southwest portion running through Tsuu T’ina Nation land would start shortly.
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