Capital Plan

Overview

The 2021 Capital Plan will invest approximately $21 billion to build new roads, schools and hospitals over 3 years. As of the first quarter fiscal update, funding in 2021-22 has increased by over $2 billion from Budget 2020. This additional funding will support infrastructure projects carefully identified for their potential to support long-term economic growth. The plan will support more than 50,000 direct and 40,000 indirect jobs.

Read the Budget 2021 Capital Plan Chapter (PDF, 6.0 MB).

The government’s latest budget update, including new Capital Plan highlights, is now available online. Read the 2021-22 First Quarter Fiscal Update and Economic Statement (PDF, 1.1 MB).

Capital funding envelopes

Percentages do not include the Economic Recovery envelope and self-financed investments made by schools, universities, colleges and hospitals.

Funding highlights

The 2021-24 Capital Plan honours previous commitments to build and maintain key infrastructure projects and includes additional investments in health care facilities, school projects and transportation networks.

There is funding for new projects worth an estimated $825.8 million over the 3-year period. Alberta’s government will also spend $3 billion for capital maintenance and renewal, an increase of nearly $300 million from Budget 2020 to support jobs, extend the useful life of existing infrastructure and reduce the need for more costly repairs in the future. The Capital Plan will also invest an additional $750 million in future strategic projects to support Alberta’s economic recovery.