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 (CP) right of way.

Calgary-Banff Passenger Rail Project Advances

A proposed 150-kilometer (93-mile) Calgary-Banff passenger rail project is moving ahead, following the release of a detailed MOU (memorandum of understanding) from Invest Alberta Corp., Alberta’s Ministry of Transportation (Alberta Transportation) and Canada Infrastructure Bank (CIB).

First Nation-owned Tshiuetin operates a 217-kilometer (134.8-mile) regional railroad and a 574-kilometer (356.7-mile) passenger rail service along the northeastern Quebec and western Labrador rail corridor.
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Tshiuetin Rail Receiving C$55MM to Modernize

Tshiuetin, the first Indigenous owned and operated railroad in Canada, will receive C$55 million (US$44.1 million) from the Canada Infrastructure Bank (CIB) and the government of Quebec for modernization efforts.