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Southside Edmonton residents will see construction on a new Heritage Valley park and ride next summer after a funding agreement was officially signed Thursday morning.

The project is one of dozens of maintenance, planning and growth projects approved under the first phase of the federal transit stimulus package.

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Design work for the 3,000-stall park and ride beside Anthony Henday Drive is already underway and Mayor Don Iveson said he hopes it will soon be one stop on a rapid bus link between the Heritage Valley town centre and the Century Park LRT station.

That’s a “precursor to our eventual plan to deliver rail there,” said Iveson. “With the generous contribution of the federal government, we’re getting closer and closer to (that) every month.”

Edmonton saw projects worth $288 million approved Thursday, with half of the money coming from the federal government, a quarter from the province and a quarter from the city.