Friday, December 7, 2012

Investing in Mobility: 10-year Transportation Infrastructure plan

How does The City plan for transportation infrastructure projects? Investing in Mobility is a 10-year strategic plan that bridges shorter-term capital plans and budgets with the 60-year Calgary Transportation Plan.

On Dec. 12, the Standing Policy Committee (SPC) on Transportation and Transit will discuss Administration’s proposed lists of funded and unfunded transportation infrastructure projects over the next 10 years. This discussion is important as it will recommend to Council the priority projects to undertake over the next 10 years within anticipated funding constraints.

To address every project on the priority list, The City would need $4.5 billion over the next decade; however, capital funding for transportation projects is expected to decline significantly starting in 2013 as a number of provincial and federal funding programs will end.

The City is projecting a $2 billion gap in funding over the next decade. This means some of the priority transportation infrastructure projects identified will remain unfunded until new funding becomes available. The Investing in Mobility plan prioritizes capital infrastructure projects based on the $2.5 billion in funding The City anticipates having during this period.

Following a 4-month-long evaluation process, Administration recommends focusing funding allocation on projects that improve and maintain existing infrastructure and assets (i.e. Optimize and Maintain scenario), with new infrastructure funded on a priority basis. The recommendation still takes into account funding top priority major transit and road infrastructure projects, and is consistent with what we heard from citizens during the Transportation information sessions held throughout September and October 2012.

Learn more about Investing in Mobility and what will be discussed at the Dec.12 committee meeting.

No comments:

Post a Comment