CABR Making Measured Progress
Liricon Capital Ltd. and Plenary Americas, a portfolio company of Caisse de dépôt et placement du Québec (CDPQ), have advanced Phase 4, design, of the Calgary Airport – Banff Rail (CABR) project, which is planned to be built within the Canadian Pacific right-of-way but not share operations. CP, which has signed a non-binding MOU (memorandum of understanding) with Liricon/Plenary, told Railway Age that it is supporting the project and is prepared to offer design and engineering assistance, with the requirement that the passenger service have no impact on CP’s main line freight operations.