Calgary to Banff passenger rail costs increase to $1.5 billion
Banff-based Liricon Capital Ltd. has partnered with Quebec-based Plenary Americas to submit an updated proposal to Alberta Transportation, Invest Alberta Corporation and the Canada Infrastructure Bank to move to the design phase of the proposed Calgary to Banff passenger rail project.
Cathy Ellis
BANFF – A $1.5 billion plan for the return of passenger railway from Calgary to Banff is on track to be potentially up and running as early as 2025.
Banff-based Liricon Capital Ltd. has partnered with Quebec-based Plenary Americas to submit an updated proposal to Alberta Transportation, Invest Alberta Corporation and the Canada Infrastructure Bank (CIB) to move to the design phase.
The proposal is to deliver a passenger train service from Calgary International Airport to downtown Calgary, which could include an express service every 15 minutes, and on to the mountains in Canmore and Banff by 2025.
Jan Waterous, managing partner of Liricon, said her family is thrilled that Plenary Americas has joined as co-developers of the Calgary-Banff railway project, which has the potential to be hydrogen-powered.
https://www.rmotoday.com/banff/calga...campaign=Email