“Alberta Transportation has cancelled a public-private partnership (P3) approach to upgrade Deerfoot Trail, opting to procure the improvements in smaller pieces.
“We committed that we would only pursue P3s when we found value for taxpayer money.
“While the government is not going ahead with a P3 approach, we remain committed to making improvements to Alberta’s busiest highway and will move ahead with the necessary upgrades to help people get to their destinations safely and more efficiently.
“Current economic conditions have resulted in pricing volatility and historically high inflation in the construction industry, which means a P3 approach to Deerfoot Trail improvements is not economically viable.
“We will focus on improving the most congested areas on the highway first to improve traffic flow and reduce travel times for commuters in the Calgary region. Work is underway to identify the most critical areas for improvement that can be tendered and completed as quickly as possible.
“Alberta’s government will continue to make use of P3s where and when it makes best financial sense to taxpayers.”