Overview
Budget 2024 builds the schools, hospitals and roads Alberta’s communities need today and can rely on as they grow. The Budget 2024 Capital Plan invests $25 billion over 3 years, a $2 billion increase from the Budget 2023 Capital Plan.
The 2024 Capital Plan funds projects and initiatives that boost Alberta’s advantage and invest in Albertans. It will create opportunities for private-sector participation and support an average of over 24,000 direct jobs and 13,000 indirect jobs per year through to 2026-27.
Key investments
- $7.2 billion over 3 years to support municipalities to build and create vibrant communities:
- $2.4 billion in Local Government Fiscal Framework funding to help Alberta municipalities fund local infrastructure projects
- $60 million for the new Local Growth and Sustainability Grant Program to help municipalities fund economic development and sustainable growth initiatives
- $1.6 billion for light rail transit projects in Calgary and Edmonton, including $43 million in new funding for the Calgary Blue Line
- $955 million to improve major roadway corridors in Calgary and Edmonton
- $129 million to support ongoing work to twin Highway 11 between Rocky Mountain House and Sylvan Lake
- $2.1 billion to support 98 school projects, add modular classrooms and support charter and collegiate schools
- $55 million to upgrade facilities and equipment that support wildfire operations
- $810 million to advance the redevelopment and expansion of Red Deer Regional Hospital Centre
- $654 million to build and modernize continuing care facilities across the province
- $313 million for the Alberta Surgical Initiative to increase the number of surgical procedures performed annually
- $35 million for the EMS Vehicles Capital Program to purchase new EMS vehicles and ambulances and upgrade the existing fleet
- $328 million, consisting of $191 million provincial funding and a $137 million federal contribution, to develop recovery communities and children and youth mental health facilities
- $456 million for the Alberta Petrochemicals Incentive Program to support investments in Alberta’s petrochemicals sector
- $30 million for the Aboriginal Business Investment Fund to support business opportunities in Indigenous communities by helping fund start-up and expansion costs
- $405 million for the Affordable Housing Partnership Program to help build 13,000 new affordable housing units
- $539 million to expand and improve municipal water and wastewater infrastructure
- $251 million over 3 years in capital funding for flood and drought mitigation projects such as canals, dams, spillways and reservoirs
- $63 million for Olds College to renovate and expand student spaces in the W.J. Elliott Building
- $55 million to increase STEM programming capacity at the University of Calgary
- $26 million for the University of Lethbridge Rural Medical Teaching School
- $30 million for the new Community Recreation Centre Infrastructure Program to support the development of small and mid-sized recreation facilities
Capital funding at a glance
Chart 1: Capital funding envelopes
![2024 Budget - Capital Plan. Chart 1: Capital funding envelopes](/system/files/styles/responsive_1040/private/Cap_Plan_Pie_Chart.jpg?itok=thaEv4JT)
Funding highlights
The 2024-27 Capital Plan honours previous commitments to build and maintain key infrastructure projects and includes additional investments in health-care facilities, schools projects and an efficient and effective road system.
![Icon of two houses lining a street on either side.](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_neighbourhood.png?itok=qQK5bGWq)
$7.2 billion for municipal-related infrastructure
![Icon of a hammer and wrench](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_tools.png?itok=hIOfmGNl)
$3.7 billion for capital maintenance and renewal of public infrastructure
![Icon of a car driving on a road.](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_road.png?itok=UO0XuNp9)
$2.2 billion for roads and bridges
![Icon of a hospital](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_hospital.png?itok=WvCbB93x)
$3.6 billion for health infrastructure
![Icon of an apple sitting on a pile of books.](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_books.png?itok=O2JrmmJe)
$2.1 billion for K to 12 schools projects
![Icon of the legislature](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_legislature.png?itok=hoXNJKN_)
$1.4 billion to streamline government service delivery
![Icon of a police cap](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_police.png?itok=vCJm_du_)
$533 million for public safety and emergency infrastructure projects
![Icon of the sun rising over a field.](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_field.png?itok=cP2kR4pm)
$1.1 billion for agriculture and natural resources projects and programs
![Icon of 2 tickets.](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_ticket.png?itok=dmi7M5QH)
$323 million for arts, sports and recreation projects and programs
![Icon of a hand holding a house](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_house.png?itok=iPZr0Z4T)
$829 million for family, social supports and housing
![Icon of a school](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_school.png?itok=xzlClOGF)
$361 million for post-secondary infrastructure
![Icon of a building](/system/files/styles/card_image_small/private/tbf-budget2024-web-icon-125x125_building.png?itok=9a0Ij7c-)
$1.6 billion in self-financed investments for schools, universities, colleges and hospitals
More budget information
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Find out what Budget 2024 means for you.
![budget-2024-web-image-friends-125x125 An image of two friends spending time together.](/system/files/styles/card_image_small/private/budget-2024-web-image-friends-125x125.jpg?itok=GSwSmYzq)
A summary of Alberta's Budget 2024 economic forecast.
![Four oil workers walk underneath a platform of pipes. They're wearing blue coveralls and white hard hats. There is snow on the ground.](/system/files/styles/card_image_small/private/budget-2024-revenue-card-125x125.jpg?itok=KfSeMTQG)
Revenue projections from taxes, transfers, investment income and resources.
![budget-2024-web-image-woman-125x125 An image of a woman smiling.](/system/files/styles/card_image_small/private/budget-2024-web-image-woman-125x125.jpg?itok=7Kd4WqnE)
Summary of government spending according to Budget 2024.