Ridership forecast shows the train could carry 11 million passengers per year by 2035, five times more than originally projected
The backers of a proposed $1.5-billion Calgary to Banff passenger train say they need Parks Canada to enact policies that encourage public transit.
Liricon Capital Inc., which owns the Mount Norquay ski resort as well as the long-term lease for the Banff train station, is still waiting for a yes or no from the Alberta government for its proposed passenger rail line. Liricon isn’t asking for provincial funding for capital costs, but has asked the government to kick in a maximum of $30 million annually for the life of the train to help cover the project’s mortgage.But Liricon says a new economic analysis shows those annual government payments may not even be necessary. Liricon says a new ridership forecast shows the train could carry 11 million passengers per year by 2035, five times more than originally projected.
We have a weekly Western Canada newsletter written by our B.C. and Alberta bureau chiefs, providing a comprehensive package of the news you need to know about the region and its place in the issues facing Canada.This content appears as provided to The Globe by the originating wire service. It has not been edited by Globe staff.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Parks Canada needs to get on board for Calgary-to-Banff train to happen: Investors | Globalnews.caThe backers of a proposed $1.5-billion Calgary to Banff passenger train say they need Parks Canada to enact policies that encourage public transit.
Read more »
Banff Sunshine Village to open to skiers, snowboarders and hikers on Canada DayKendra Scurfield, director of brand and communications, says Banff Sunshine Village will open its Strawberry Express chairlift and the runs around it
Read more »
City of London to host return of Canada Day fireworks in Harris Park - London | Globalnews.caWith COVID restrictions lifted and summer 2022 starting with a bang, Londoners will see the return of some long-awaited Canada Day festivities, including fireworks, at Harris Park.
Read more »
Putin promises Belarus nuclear-capable missiles to counter ‘aggressive’ WestBelarus President Alexander Lukashenko says he needs Russia’s backing against Lithuania and Poland
Read more »
B.C. Ferries has used all its $308 million COVID-19 government bailout money, CEO saysMark Collins says ferry service now on an even keel and needs no more COVID handouts
Read more »
Opinion: Canada still needs a functioning WTOAs a modest-sized, trade-intensive economy that relies on rules-based global trade, Canada needs the WTO to function the way it’s supposed to on a day-to-day basis
Read more »