Industry, Highway 63, and Keyano Part of Province’s 2018 Budget

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Industry, Highway 63, and Keyano Part of Province’s 2018 Budget

The economy will be a big focus for the province in 2018.

On Thursday, the provincial government released their budget which included a big emphasis on creating jobs and making sure the recession is a thing of the past.

Minister of Energy Margaret McCuaig-Boyd tells Fort McMurray News a big part of their plan will be diversifying the energy sector.

“For Fort McMurray, one of the interesting things in that area is for partial upgrading because it means the return we’ll get from our oilsands can be left here in Alberta and relieve the pipeline capacity.”

Starting next year, $1 billion will be put towards these projects.

McCuaig-Boyd says this should help create jobs throughout the RMWB.

“There’s going to be a lot more projects that are built here in Alberta to keep value in our province, so there will be more need for bitumen for other things besides being shipped out down south.”

As part of the budget, $53 million is also being put aside to continue twinning Highway 63 from Grasslands to Fort McMurray. Around $8 million will also go towards Keyano College for campus upgrades.

“Having been a Vice-President of a college, all those dollars are very important and will be well used,” she added.

Meanwhile, the government is expecting to have the budget balanced in five years. Right now, the deficit sits at $8.8 billion.
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