The City of Lloydminster has received the first installment of the over $1 million it will receive this year from the 2014 Alberta Federal Gas Tax Fund.
The rest of the provincial money will be coming soon, before the end of the year, according to city council Monday.
Mayor Rob Saunders said the money will help with capital projects underway and currently slated to begin.
“It will be going towards our capital cost infrastructure programs for 2014, it’s a standing grant that the city gets through Alberta Municipal Affairs,” he said.
The money is given through Alberta Municipal Affairs, and is allocated by them through the federal gas tax distribution program, according to Saunders.
“(The money) is actually applied directly to the city of Lloydminster’s capital projects,” Saunders added.
Saunders did say that the current capital projects will be first in line for the money, and then projects that are currently in the works will receive the money that is left over.
“Usually, we would dedicate the money to one of the major projects in the city,” he said. “We are tackling the Highway 17, and there is a lot of work that needs to be done there.
“Probably a lot of the money would help out in that capital project.”
Saunders did admit that city council has also talked about engineering studies that need to be completed.
“Engineering studies like the waste water plant and areas like that we are looking into,” he said.
Saunders said that the money will go directly to Lloydminster infrastructure projects.
“The money is much needed money, we rely on it,” he said. “It’s one of the most dependable grants we get, that comes to the city.”
Lloydminster has received $555,000 of the just under $1.1 million of the share of the gas tax.