Lloydminster’s 2026 capital plan directs millions of dollars toward road work, utilities and long term infrastructure improvements.
The largest investments include the Street Improvement Program at 2.7 million dollars, fleet replacement at 2.8 million dollars and trail and sidewalk upgrades worth 590 thousand dollars. A major traffic light upgrade at 50 Avenue and 62 Street is also budgeted at 590 thousand dollars, partially funded through provincial grants.
Rising debt costs also shape the 2026 plan
The City will pay more in debt interest and principal next year. Administration paused Cenovus Hub debt payments in 2025 as a one time savings measure, but those payments return in 2026. That change increases overall operating pressure and limits how much flexibility the City has in future years.
Administration noted this strategy cannot be repeated in 2027.
Cenovus Energy Hub adds major operating pressure
The Cenovus Energy Hub will cost an estimated $6,267,821 to operate in 2026, according to the draft budget. The facility remains one of the City’s most expensive recreation and event centres and is now a significant contributor to the overall operating cost.
Where the biggest capital dollars are going
The capital plan outlines a mix of funded and unfunded projects. Funded items rely on reserves, grants and utility revenue. Unfunded projects, including additional road rehabilitation and equipment needs, remain on the long term list for future years.
Administration says these projects are necessary to maintain service levels as the city grows.
“Capital investment is essential for long term sustainability,” said Executive Manager Don Stang. “We have to continue to replace aging infrastructure while planning for future demand.”
Many unfunded projects will return in future budgets as grant availability, reserve levels and debt capacity allow.
Council will review the full capital plan during Monday’s budget debate.
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