The Alberta government and Tsuu T'ina Nation have signed an agreement that will see the completion of the southwest portion of Calgary's ring road.

Alberta Premier Alison Redford, Transportation Minister Ric McIver and Tsuu T'ina Chief Roy Whitney signed the agreement that has been years in the making on Wednesday morning.

The deal will establish a corridor through the Nation's land on the city's southwest edge.

“This agreement really demonstrates our government’s commitment to Building Alberta in a way that is good for all of us and that involves many voices. When we work hard and work together, we can continue to build the Alberta we all want and need for the future,” said Premier Redford.

“We will work in partnership with the Tsuu T’ina Nation and the federal government to proceed with the land transfer. This work will be guided by a committee with representatives from all parties and we will continue to work together in good faith,” said Ric McIver, Alberta Transportation Minister.

The agreement will see the Tsuu T’ina Nation sell 428.1 hectares (1,058 acres) of its land to the Government of Alberta for:

The transfer of 2,030.8 hectares (5,018.1 acres) of Crown land to the Tsuu T’ina Nation

$340.7 million ($275 million for the land plus $65.7 million to cover impacts on the reserve)

Approval for the Nation to purchase an additional 129.5 hectares (320 acres) of Crown land from the Government of Alberta for $1.6 million

Alberta will purchase a corner of the Weaselhead Park from the City of Calgary

The existing high-pressure gas line and overhead electrical lines will be relocated from Weaselhead Park to the transportation and utility corridor

The southeast portion of the ring road was opened last week and is already having a huge impact on traffic in the area.

Tsuu T'ina 2013 Final Agreement