Winnipeg, MB – The preliminary 2020-2023 multi-year balanced budgets demonstrate that road renewal will continue to be a top priority through continued historic investments.
“Historic investments into fixing our roads continue to be a priority for Winnipeggers and that priority continues to make up a large part of the preliminary 2020-2023 multi-year balanced budgets,” said Mayor Brian Bowman. “When combined with investments since 2015, Winnipeg is on track for a projected total of $1.4 billion to be reached by 2025, which will be an 11 year total of 1,600 lane kilometers of road, back lane, and sidewalk renewals.”
The preliminary 2020 Capital Budget and five year capital forecast continues to invest the two percent property tax increase in regional and local road renewal. The preliminary 2020 Capital Budget proposes to invest a total of $130.3 million in local and regional road renewal, the highest level of annual investment in our City’s history.
A projected total of almost $847 million or $141 million per year will be invested in regional and local road renewals over the next six years.
This projected investment results in approximately 900 lane kilometers of road, back lane and sidewalk renewals, which is slightly greater than the distance from Winnipeg to Minneapolis.
This investment will support important projects across all areas of Winnipeg including:
- Re-construction of Fermor Avenue from Lagimodiere Boulevard to Plessis Road;
- Re-construction of various downtown streets including Broadway from Osborne Street to Main Street;
- Re-construction of various segments of Erin Street, Wall Street and Sargent Avenue;
- Re-construction of Stafford Street, Taylor Avenue and Corydon Avenue; and
- Reconstruction of Leila Avenue from McPhillips Street to McGregor Street.
Over the course of the last five years, road renewal has been an investment priority by the City of Winnipeg, in that time there has been a total of $535.3 million or 686 lane kilometers of regional and local road, back lanes, and sidewalk projects. With these previous investments combined with the projected $847 million over the next six years, Winnipeg is on track to invest almost $1.4 billion in regional and local street renewals, back lane, and sidewalks renewals over the 11 year period.