I mean, as TAS pointed out earlier just today (!) much of the $100 million is going towards mixed-use paths, which can be used for recreation, commuting, or whatever else your heart desires. The main thing keeping the ones in suburban neighborhoods from being used for commuting is probably the lack of connectivity with major job centers... which is exactly what Edmonton's bike plan aims to fix. I am asking you to please do ten minutes of reading on the policies you're complaining about.
There are places in Edmonton where bike paths are being built separately from walking pathways, including on 132 Ave. But these are generally places where pedestrians and cyclists should be separated based on the volume of bike and pedestrian traffic anticipated.
In any case, both MUPs and bike lanes/paths cost money, but they both cost way less money that roads.