CALGARY – City council approved a notice of motion on Monday to further commit more funding towards the Green Line transit project.
The Green Line will wind 50 km from North Pointe to Seton, doubling the size of the existing LRT network and carrying an estimated 41 million passengers annually.
The estimated cost of the project is between $4.5 billion and $5 billion, with the former Harper government pledging $1.5 billion towards the cost from the Public Transit Fund.
On Monday, Councillor Shane Keating’s notice of motion tripled the City of Calgary’s funding, extending its previous commitment of $520 million over 10 years to $1.52 billion over 30 years.
The deal is contingent on the province guaranteeing the final share of funding required.
– With files from Doug Vaessen