This project is being funded from a provincial Municipal Stimulus Funding (MSP) grant, offsite levies (fees charged to developers) and tax-supported debt. Principal and interest payments on the debt will be funded from taxes.
Total project cost is funded as follows:
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The Hwy 1A Improvement Project is a long-awaited upgrade to the Hwy 1A corridor through Cochrane from east of Centre Avenue to west of Fifth Avenue. The project includes widening from two lanes to four lanes (two eastbound and two westbound), as well as pathways and sidewalks on the north and south sides. In addition to changes to Hwy 1A, accesses to side streets through the area will be modified to improve traffic flow, safety and alignment with Alberta Transportation requirements.
Construction is planned to start in the spring of 2021, with an estimated completion date of Fall 2022.
A number of detours are planned to keep traffic flowing. We’ll provide regular updates during construction.
Yes, as part of this project a regional, multi-user pathway will be constructed on the north side of Hwy 1A and a sidewalk will be constructed on the south side of the highway.
The total project budget is $13.9m:
The Town and the province have long recognized the need for improvements to Hwy 1A through Cochrane. The Town recognized that the province would not be able to fund both the Hwy 1A/22 interchange project and the Hwy 1A project — so the Town is using MSP funding to support the Hwy 1A project before construction starts on the Hwy 1A/22 interchange.
The project and budget were approved by Town Council at the October 26, 2020 Council meeting. The borrowing bylaw was approved by Council at the November 9, 2020 Town Council meeting.
The Hwy 1A/22 interchange project is estimated to cost more than $60m. If the Town were to fund and construct it, there would be a significant increase to property taxes. The province recognizes the value of this project and has committed to funding this project. Work is anticipated to begin in 2022.
Properties identified as being in the highway right-of-way for expansion were identified and acquired by Alberta Transportation a number of years ago.
The speed limit on Hwy 1A through Cochrane will remain at 50 kph.
The speed limits along Hwy 1A and adjoining roadways will remain the same as they are today with the exception of Fourth Avenue West north of Hwy 1A, which will be reduced to 30km/hr from Hwy 1A up the hill to the schools. Signs will be posted to ensure drivers are aware of the speed limits.