Caisse de depot et placement du Quebec

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.

A proposed 150-kilometer Calgary-Banff passenger rail service could include seven stops—Calgary International Airport, downtown Calgary, Calgary Keith, Cochrane, Morley (Stoney Nakoda), Canmore and Banff—along a dedicated line built within the existing Canadian Pacific right of way.

Hydrogen Hinted for Calgary-Banff Passenger Scheme

Flush with cash, as its vast tar sands oil field suddenly lurched from environmental pariah to savior of western civilization, the Alberta government is looking more favorably upon a scheme to build a new, independent passenger railway, connecting Calgary International Airport (YYC) to the Rocky Mountain’s global tourist destination, Banff National Park.