Alberta
Alberta Infrastructure reviews 2024 progress

Hundreds of infrastructure projects completed or underway throughout 2024 helped build Alberta communities, boost the economy and support thousands of jobs.
Throughout the province, Infrastructure worked in collaboration with industry, school jurisdictions, Alberta Health and municipal and community partners to deliver the new, modernized and well-maintained public facilities that house the vital programs and services Alberta families and communities rely on.
“This past year, we completed hundreds of projects across Alberta, providing growing communities with new and modernized facilities. We also passed the Real Property Governance Act, a piece of legislation that helps the government better manage assets for Albertans and ultimately provides better value for our tax dollars. As we move into 2025, our team is committed to delivering the essential infrastructure needed to support the demands of our growing and robust economy.”
With a strong outlook for Alberta’s construction market, 2025 is shaping up to be another productive year. Alberta Infrastructure remains committed to completing work on schedule and on budget, while maximizing the value of taxpayer money.
This past year saw a focus on further developing relationships with industry partners across various trades, backgrounds, specialities and sectors. In 2025, this work will continue through Industry Liaison Committees, roundtables and other opportunities that will maximize collaboration and productivity. Alberta’s future is strong, competitive and full of opportunity.
2024 Infrastructure highlights
Schools
- In September, Alberta’s government announced a generational commitment of $8.6 billion to build schools now. This investment will award up to 90 new schools and up to 24 modernizations or replacements over the next three years.
- In addition, a new in-budget approval process has been introduced for school construction that will accelerate project progression through development stages, reducing project timelines by as much as six months.
- In 2024, 10 schools were built across the province, creating space for more than 9,600 students in nine communities, including:
- Blackfalds, Calgary, Coaldale, Edmonton, Fort Vermillion, Grande Prairie, Langdon, Leduc and Wabasca-Desmarais.
- Entering the new year, another 82 school projects are underway, progressing through various stages of planning, design and construction.
Health Facilities
- As announced in Budget 2024, a modern, standalone Stollery Children’s Hospital in Edmonton remains a key priority with $20 million budgeted over the next three years for early planning.
- Redevelopment of Calgary’s Rockyview General Hospital Intensive Care Unit, Coronary Care Unit and Gastrointestinal Clinic were completed in 2024.
- Renovations of operating rooms and support areas in Rocky Mountain House through the Alberta Surgical Initiative (ASI) wrapped up this past spring.
- Through the ASI, 31 projects are underway in planning, design or construction in Brooks, Calgary, Edmonton, Innisfail, Lethbridge and Olds.
- Another 53 health projects are underway going into 2025.
- This includes awarding the construction manager contract for the Red Deer Regional Hospital Centre (RDRHC) this past summer and making progress on the new patient tower and redevelopment.
- The procurement process for the RDRHC Ambulatory building is ongoing, with contractor selection expected in spring 2025 and groundbreaking in summer 2025.
- This includes awarding the construction manager contract for the Red Deer Regional Hospital Centre (RDRHC) this past summer and making progress on the new patient tower and redevelopment.
Government Facilities
- The Lakeview Recovery Community in Gunn completed construction and was handed over to Mental Health and Addiction for operations.
- Construction of the Calgary Recovery Community is anticipated to be complete in early 2025.
- The new $203-million Red Deer Justice Centre completed construction and will provide the community with 12 courtrooms when it officially opens in the first quarter of 2025.
- Another 20 new government facility projects are underway, such as recovery community facilities in Grande Prairie and Edmonton, and campus upgrades to the Yellowhead Youth Centre.
Capital Maintenance and Renewal
- Work done through Capital Maintenance and Renewal (CMR) helps upgrade existing government facilities and assets. In 2024, work finished on 85 CMR projects, including construction of the new reflecting pool and fountain at the Alberta legislature grounds in time for Canada Day celebrations.
- Another 212 CMR projects are underway at government facilities going into the new year, with an additional 516 specifically at health facilities.
Public-Private Partnership (P3) Awards
- In May, Alberta’s government completed construction of five high schools in Blackfalds, Langdon, Leduc and two in Edmonton. All finished on schedule, on budget and ready for the 2024-25 school year.
- This bundle received a Silver Award for Design & Construction at the 2024 National Awards for Innovation and Excellence in P3s.
- Procurement is underway to deliver another bundle of new Alberta schools in Airdrie, Blackfalds, Calgary, Chestermere, Edmonton and Okotoks.
- The Evan-Thomas Water and Wastewater Treatment Plant in Kananaskis won Best Operational Project at the P3 Partnerships Bulletin awards.
Legislation
- In May 2024, Infrastructure’s Real Property Governance Act received royal assent. The act helps increase transparency and reduce red tape by creating consistent rules across government for the disposal of property and creates a centralized inventory of public lands and buildings to help government better manage these assets for Albertans.
- In November 2024, Alberta’s government introduced amendments to the Public Works Act (PWA) that mandate payment timelines and invoicing provisions for public infrastructure work, helping ensure contractors and subcontractors are paid fairly and promptly.
Alberta
Alberta extracting more value from oil and gas resources: ATB

From the Canadian Energy Centre
By Will Gibson
Investment in ‘value-added’ projects more than doubled to $4 billion in 2024
In the 1930s, economist Harold Innis coined the term “hewers of wood and drawers of water” to describe Canada’s reliance on harvesting natural resources and exporting them elsewhere to be refined into consumer products.
Almost a century later, ATB Financial chief economist Mark Parsons has highlighted a marked shift in that trend in Alberta’s energy industry, with more and more projects that upgrade raw hydrocarbons into finished products.
ATB estimates that investment in projects that generate so-called “value-added” products like refined petroleum, hydrogen, petrochemicals and biofuels more than doubled to reach $4 billion in 2024.
“Alberta is extracting more value from its natural resources,” Parsons said.
“It makes the provincial economy somewhat more resilient to boom and bust energy price cycles. It creates more construction and operating jobs in Alberta. It also provides a local market for Alberta’s energy and agriculture feedstock.”
The shift has occurred as Alberta’s economy adjusts to lower levels of investment in oil and gas extraction.
While overall “upstream” capital spending has been rising since 2022 — and oil production has never been higher — investment last year of about $35 billion is still dramatically less than the $63 billion spent in 2014.
Parsons pointed to Dow’s $11 billion Path2Zero project as the largest value-added project moving ahead in Alberta.
The project, which has support from the municipal, provincial and federal governments, will increase Dow’s production of polyethylene, the world’s most widely used plastic.
By capturing and storing carbon dioxide emissions and generating hydrogen on-site, the complex will be the world’s first ethylene cracker with net zero emissions from operations.
Other major value-added examples include Air Products’ $1.6 billion net zero hydrogen complex, and the associated $720 million renewable diesel facility owned by Imperial Oil. Both projects are slated for startup this year.
Parsons sees the shift to higher value products as positive for the province and Canada moving forward.
“Downstream energy industries tend to have relatively high levels of labour productivity and wages,” he said.
“A big part of Canada’s productivity problem is lagging business investment. These downstream investments, which build off existing resource strengths, provide one pathway to improving the country’s productivity performance.”
Heather Exner-Pirot, the Macdonald-Laurier Institute’s director of energy, natural resources and environment, sees opportunities for Canada to attract additional investment in this area.
“We are able to benefit from the mistakes of other regions. In Germany, their business model for creating value-added products such as petrochemicals relies on cheap feedstock and power, and they’ve lost that due to a combination of geopolitics and policy decisions,” she said.
“Canada and Alberta, in particular, have the opportunity to attract investment because they have stable and reliable feedstock with decades, if not centuries, of supply shielded from geopolitics.”
Exner-Pirot is also bullish about the increased market for low-carbon products.
“With our advantages, Canada should be doing more to attract companies and manufacturers that will produce more value-added products,” she said.
Like oil and gas extraction, value-added investments can help companies develop new technologies that can themselves be exported, said Shannon Joseph, chair of Energy for a Secure Future, an Ottawa-based coalition of Canadian business and community leaders.
“This investment creates new jobs and spinoffs because these plants require services and inputs. Investments such as Dow’s Path2Zero have a lot of multipliers. Success begets success,” Joseph said.
“Investment in innovation creates a foundation for long-term diversification of the economy.”
Alberta
Alberta government must restrain spending in upcoming budget to avoid red ink

From the Fraser Institute
By Tegan Hill and Milagros Palacios
Whether due to U.S. tariffs or lower-than-expected oil prices, the Smith government has repeatedly warned Albertans that despite a $4.6 billion projected budget surplus in 2024/25, Alberta could soon be in the red. To help avoid this fate, the Smith government must restrain spending in its upcoming 2025 budget.
These are not simply numbers on a page; budget deficits have real consequences for Albertans. For one, deficits fuel debt accumulation. And just as Albertans must pay interest on their own mortgages or car loans, taxpayers must pay interest on government debt. Each dollar spent paying interest is a dollar diverted from programs such as health care and education, or potential tax relief. This fiscal year, provincial government debt interest costs will reach a projected $650 per Albertan.
And while many risk factors are out of the government’s direct control, the government can control its own spending.
In its 2023 budget, the Smith government committed to keep the rate of spending growth to below the rate of inflation and population growth. This was an important step forward after decades of successive governments substantially increasing spending during good times—when resource revenues (including oil and gas royalties) were relatively high (as they are today)—but failing to rein in spending when resource revenue inevitably declined.
But here’s the problem. Even if the Smith government sticks to this commitment, it may still fall into deficit. Why? Because this government has spent significantly more than it originally planned in its 2022 mid-year plan (the Smith government’s first fiscal update). In other words, the government’s “restraint” is starting from a significantly higher base level of spending. For example, this fiscal year it will spend $8.2 billion more than it originally planned in its 2022 mid-year plan. And inflation and population growth only account for $3.1 billion of this additional spending. In other words, $5.1 billion of this new spending is unrelated to offsetting higher prices or Alberta’s growing population.
Because of this higher spending and reliance on volatile resource revenue, red ink looms.
Indeed, while the Smith government projects budget surpluses over the next three fiscal years, fuelled by historically high resource revenue, if resource revenue was at its average of the last two decades, this year’s $4.6 billion projected budget surplus would turn into a $5.8 billion deficit. And projected budget surpluses in 2025/26 and 2026/27 would flip to budget deficits. To be clear, this is not a far-fetched scenario—resource revenue plummeted by nearly 70 per cent in 2015/16.
In contrast, if resource revenue fell to its average (again, based on the last two decades) but the Smith government held to its original 2022 spending plan, Alberta would still have a balanced budget in 2026/27.
Bottom line; had the Smith government not substantially increased spending over the last two years, Alberta’s spending levels today would align with more stable ongoing levels of revenue, which would put Alberta on more stable fiscal footing in the years to come.
Premier Smith has warned Albertans a budget deficit may be on the way. To mitigate the risk of red ink moving forward, the Smith government should show real spending restraint in its 2025 budget.
-
COVID-192 days ago
Canadian judge orders Purolator to compensate employees fired for refusing COVID shot
-
Business1 day ago
90% of Ukraine news outlets get funding from USAID: new report
-
Business2 days ago
USPS suspends inbound packages from China, Hong Kong
-
DEI20 hours ago
Liberal leadership candidate Mark Carney confirms he will pursue agenda of ‘inclusiveness’
-
Arts2 days ago
Trump’s Hollywood envoys take on Tinseltown’s liberal monopoly
-
Business1 day ago
Canada should match or eclipse Trump’s red-tape cutting plan
-
Business1 day ago
Improve competitiveness, end capital gains tax hike immediately
-
International2 days ago
Trump withdraws US from UN Human Rights Council, orders review of funding for other UN bodies