Parks Canada must get on board for Calgary-to-Banff prepare to occur: Traders


The backers of a proposed $1.5-billion Calgary to Banff passenger prepare say they want Parks Canada to enact insurance policies that encourage public transit.

Liricon Capital Inc., which owns the Mount Norquay ski resort in addition to the long-term lease for the Banff prepare station, continues to be ready for a sure or no from the Alberta authorities for its proposed passenger rail line.

Liricon isn’t asking for provincial funding for capital prices, however has requested the federal government to kick in a most of $30 million yearly for the lifetime of the prepare to assist cowl the venture’s mortgage.

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Backers of Calgary-to-Banff rail line awaiting provincial resolution

However Liricon says a brand new financial evaluation exhibits these annual authorities funds might not even be crucial. Liricon says a brand new ridership forecast exhibits the prepare might carry 11 million passengers per yr by 2035, 5 instances greater than initially projected.

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Liricon says the upper ticket income might scale back authorities’s annual contribution to zero.

But it surely says to realize that, Parks Canada must undertake insurance policies that promote mass transit inside Banff Nationwide Park, corresponding to rising park entry charges for personal autos.

Click to play video: 'Calgary to Banff train proposed by 3 city councillors'

Calgary to Banff prepare proposed by 3 metropolis councillors

Calgary to Banff prepare proposed by 3 metropolis councillors – Jul 21, 2021

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