News Formal

Gondek meets with province over Green Line, concerns of harm to Calgary’s market reputation

  • 📰 GlobalCalgary
  • ⏱ Reading Time:
  • 14 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 61%

Green Line News

Calgary Green Line LRT,Green Line LRT,Canada

The Calgary Construction Association said the province's withdrawal of funding sets 'a concerning precedent' for future infrastructure projects by introducing uncertainty and risk.

WATCH: Calgary' Mayor Jyoti Gondek has met with provincial representatives after the Government of Alberta pulled its funding for Calgary's Green Line LRT. As Adam MacVicar reports, industry and political leaders worry the situation has harmed the city's reputation in the market., following council’s decision to shorten the first phase of the line due to a more than $700-million increase to its budget.

“When we receive the third party developed options we will determine next steps,” Dreeshen said in a statement. While builders factor risk into their contracts, CCA president Bill Black said it could result in higher costs if a solution isn’t found quickly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 50. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Calgary construction industry shows 'concern' over Green Line delayCalgary's construction industry is worried about the message being sent to investors because of the province's decision to delay the construction of the Green Line.
Source: CTVCalgary - 🏆 26. / 68 Read more »