The City of Edmonton announced "On March 11, 2014, at an event in Churchill Station, the provincial government announced its funding commitment to the Valley Line LRT Project. With the final funding piece in place, pending Council's approval of the overall funding strategy, the Valley Line (Mill Woods to Downtown) is now free to proceed.
Due in part to timely commitments by the City’s provincial and federal partners, the Valley Line will remain on schedule for a construction start of 2016, aiming to be open to the public by the end of 2020.
The province has agreed to contribute $250 million in Green Trip funding, $150 million in additional funding, and $200 million in a 10-year interest-free loan. This joins the City's own contribution of $800 million, along with the federal government's contribution of $250 million from PPP Canada and an expected $150 million through the Building Canada Fund.
“This is a great day for Edmontonians,” said Mayor Don Iveson. “But in particular the people of southeast Edmonton, who have been waiting 40 years to hear this news.”
The next stage of the Valley Line project will be the Request for Qualifications (RFQ), where the City will evaluate and shortlist qualified consortia (groups of affiliated companies) to bid on the project. The RFQ stage is expected to take approximately three months."