The Government of Alberta announced on March 11th that the budget 2014 enables the province to commit additional resources to the Edmonton's new Light Rail Transit (LRT) project.

The provincial Government is providing some early support to the LRT project in the following ways:

• up to CAD$250 million under GreenTRIP, a capital funding program that supports public transit in Alberta, over three years beginning in 2016-17 upon approval under the second call for GreenTRIP projects;

• up to CAD$150 million in matching provincial funding if the federal government approves this project under the new Building Canada Fund beginning in 2016-17, and

• up to CAD$200 million in an interest-free loan to be repaid by the city over 10 years, fully backed by the Alberta Capital Finance Authority.

The P3 Canada Fund announced in March 2013 that it is investing up to C$250 million to support the construction of the City of Edmonton's new Light Rail Transit (LRT).

The total value of the project is up to C$1.8 billion. The Feasibility study was prepared by PwC.

The project includes the construction of the southeast leg of the Southeast to West LRT (Valley Line), running 13.2 kilometres from Mill Woods to downtown Edmonton. The line is an urban style low-floor LRT that will integrate directly into existing communities, with an initial projected daily ridership of 28,000 passengers, increasing to 49,000 by 2044.

The project also includes the construction of a signature bridge spanning the North Saskatchewan River, a 350-metre tunnel, and an operations and maintenance facility for the new line.