The Canadian and Alberta government will be providing C$270.3m ($203m) for 52 new projects across Alberta through the Public Transit Infrastructure Fund (PTIF).

As part of this initiative, the federal government will be providing 50% of the funds that will amount to nearly C$132.9m ($100m), while the province will be offering approximately C$79.4m ($59.8m) through Alberta's Green Transit Incentives Programme (GreenTRIP).

The local municipalities will be contributing the balance of C$58m ($43.7m).

"By collaborating with all orders of government, we are ensuring Albertans are getting the most out of our transit infrastructure investments."

Canadian Minister of Infrastructure and Communities Amarjeet Sohi said: “The Government of Canada recognizes how important affordable and efficient transit infrastructure is to growing the middle class and getting Canadians to work on time and back home quickly at the end of a long day.

“We are very pleased to announce new public transit projects, which will help make municipalities across Alberta stronger, more inclusive and sustainable, while ensuring that Canadian communities remain among the best places in the world to live, work and raise a family.”

Additionally, Alberta has further announced a funding of nearly C$156.5m ($117.6m) through GreenTRIP funding for 37 projects and is providing up to two-thirds of the cost for those projects. Municipalities will provide the balance of C$79.2m ($59.7m), for a total of C$235.7m ($177.7m).

Canadian Minister of Infrastructure and Minister of Transportation Brian Mason said: “Our government is committed to ensuring Alberta municipalities have access to affordable, accessible and environmentally sustainable public transportation options.

“By collaborating with all orders of government, we are ensuring Albertans are getting the most out of our transit infrastructure investments.

“Public transit allows people to get where they want to go safely and efficiently, while reducing congestion and the number of vehicles on our roads which will help protect our environment now and in the future.”

The funding will be used for improving Green Line LRT corridor, and also for the design and construction of bus bay turnouts and shelters in Fort McMurray, which will provide a safe location for passengers to get on and off buses away from traffic.