CABR Continues Measured Progress (Updated June 29, 2024)
Liricon Capital Ltd. and Plenary Americas, a portfolio company of Caisse de dépôt et placement du Québec (CDPQ), in July 2022 advanced Phase 4, design, of the C$2.6 billion Calgary Airport –
Canada Infrastructure Bank
Intermodal Briefs: Port of Prince Rupert, UIPA
The Prince Rupert Port Authority (PRPA) advances an export logistics hub project that will expand rail-to-container transloading at the CN-served Port of Prince Rupert in British Columbia. Also, Utah Inland Port Authority’s (UIPA) industrial park in Cedar City earns Union Pacific’s (UP) Focus Site program designation for “shovel ready” sites.
Commentary
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.
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).
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.