Sure I can.
We've been working very closely with the provinces and the municipalities. We have 280 announced projects in Alberta on the go. The federal portion is almost a billion dollars; it's $975 million. The total cost of those projects...they are almost leveraged. They're actually a little bit more than three to one, so it's a little over $3 billion in Alberta alone. When it comes to Saskatchewan, we're talking 390 projects. Federal money is $450 million, but that is leveraged and it's almost three to one as well. It's $1.2 billion.
When you look at our stimulus program, because we want this money out, as I said, timely, targeted and so on, in Alberta we're very close to 100% of the stimulus money allocated and announced. And in Saskatchewan we're also very close to the 100%. So we are moving to push the provinces and moving on accelerating the $33 billion, which is Building Canada funds. Some of those funds are accelerated, the base funding as well as the major infrastructure funding.
To give you an idea of what's happening, particularly in Alberta, the $100 million in a ring road around Edmonton was actually only one intersection. It was engineered for $300 million as a cost. It was actually tendered and came in at $168 million. So those are the kinds of savings we're seeing. When I talk to Minister Ouellette, who is in charge of transportation in Alberta, and Minister Snelgrove, they're telling me they're getting bids right across the province on all these projects that are anywhere from a 20% to a 50% reduction for actually building them this year compared with building them this time last year.
So we are getting the job done. We're putting many Albertans and many Saskatchewan people to work, and I believe that's reflected right across the country.