Capital Budget Highlights

Bringing City Vision to Life

Edmonton is a vibrant, growing city with a standard of living among the highest in North America. With almost 800,000 people living in the Provincial Capital and a metropolitan population of over one million, the City of Edmonton provides services, facilities, public spaces, roads and other infrastructure that help make the city great.

The City invests in new infrastructure to meet the needs of a growing population and economy, and repairs existing infrastructure to maintain the high standards Edmontonians expect.

Infrastructure is vital for enabling the services that help make Edmonton such an appealing place to live, work, do business and visit. Investments in hard infrastructure play a key role in Transforming Edmonton and bringing to
life the long-term vision for a thriving, welcoming, affordable and sustainable community.

Investments in infrastructure advance Edmonton’s 10-year goals to: Shift Transportation Modes, Transform the Urban Form, Improve Livability, Preserve & Sustain Our Environment, Diversify the Economy, and Ensure Financial
Sustainability.

2009-11

The $3.6 billion 2009-11 Capital Budget for tax-supported operations (excludes utilities) was unparalleled in our history, capitalizing on low interest rates, industry capacity and competitive labour costs. Cities can’t budget for operating deficits, but municipalities across Canada balanced operating budgets at the expense of infrastructure spending in the 1980s and ’90s. However, in this last Capital budget, Edmonton made dramatic steps during the right economic environment to slow the growth of our infrastructure deficit. The investments tackled a backlog of renewal projects and delivered new infrastructure that will provide direct benefits to all Edmontonians for years to come.

2012-14

The level of spending in the last three years accelerated key growth projects and focused aggressively on preventing our existing infrastructure from slipping to unsafe levels seen in other jurisdictions. The City will continue to advance important projects but at a reduced level of investment. The 2012-14 Capital Budget proposes spending $2.3 billion roughly 50/50 on growth projects and renewal and maintenance projects. An additional $98 million is proposed for renewal projects that continue beyond 2014.

 

LRT

Light Rail Transit

Capital Budget investment emphasized LRT expansion in recent years and the results were impressive.

Public Transit

Public Transit

Providing convenient and affordable Public Transit remains an ongoing focus for capital investment.

 

Community Facilities

Community Facilities

Recreation, Attractions & Culture. Capital budget investment ensures quality of life for all Edmontonians.

Transformation

Transformational Development

Revitalization of Edmonton's historic districts remains a priority with this year's Capital Budget.

 

Capital budgets are funded by a combination of sources such as grants, the City’s investment income, developer fees, debt financing, and a dedicated tax to fund the Neighbourhood Renewal program. A portion of utility fees fund capital projects in Waste Management Services and Drainage Services.

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