Updated ridership projections show a proposed $1.5-billion Calgary-to-Banff passenger train could be a success without annual payments from the government of Alberta, the project's backers said Monday.
Updated ridership projections show a proposed $1.5-billion Calgary-to-Banff passenger train could be a success without annual payments from the government of Alberta, the project's backers said Monday.
In an interview, Waterous said the company is still waiting for a yes or no from the provincial government for its proposed rail line. The study, conducted by international transportation consultancy Steer, concluded that the train could carry up to 11 million passengers per year by 2035, five times more than originally projected in Liricon's first proposal.
However, Waterous said the higher ridership figures are also based on the assumption that Parks Canada will incentivize ridership of the train through policy changes, something the federal agency has not committed to. The proposed hydrogen-powered passenger train would be built within the existing Canadian Pacific Railway Ltd. freight corridor, which means it would require the twinning of the existing track but would not involve any foray into currently undisturbed land within Banff National Park.
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