Close X
Tuesday, November 26, 2024
ADVT 
National

Documents show federal push for infrastructure bank to back Via project

Darpan News Desk The Canadian Press, 07 Jun, 2019 05:50 PM

    Federal officials are pushing the Canadian Infrastructure Bank to back Via Rail's high-frequency rail project.

    The government's response to a written question from New Democrat Robert Aubin details the eight times between October and December 2018 that officials from the Finance Department met with the federal agency to make the business case on Via's behalf.

    The rail company wants to build a multibillion-dollar new network of dedicated passenger-rail lines in Ontario and Quebec, so its trains would no longer have to yield to freight trains on borrowed tracks.

    The Finance Department told Aubin that a range of public-private models are still being assessed "with varying degrees of private sector investment."

    Options include having a private partner help with designing and building the new lines, or a broader deal that would include financing, operating and maintenance agreements.

    The Liberals created the infrastructure agency in 2017, hoping to use $35 billion in federal funding to pry three to four times that from the private sector to pay for new infrastructure projects that are in the public interest.

    MORE National ARTICLES

    New Term Limits Force Resignations Of Three BC Ferries Board Members

    New Term Limits Force Resignations Of Three BC Ferries Board Members
    VICTORIA — Three members of the British Columbia Ferry Services board of directors, including the chair, have resigned as new term limits take effect.  

    New Term Limits Force Resignations Of Three BC Ferries Board Members

    New Afghanistan Memorial Will Be Opened To Public, Gen. Jonathan Vance Says

    OTTAWA — Canada's top military commander says soldiers, veterans and their families can now visit the Afghanistan memorial at the new National Defence headquarters.

    New Afghanistan Memorial Will Be Opened To Public, Gen. Jonathan Vance Says

    Body Found As Firefighters Douse Blaze In Shed At Surrey, B.C., Homeless Camp

    A body has been found following a fire at a homeless camp in Surrey, B.C.

    Body Found As Firefighters Douse Blaze In Shed At Surrey, B.C., Homeless Camp

    Canada-China Relations Hit 'Rock Bottom' And At 'Freezing Point': Chinese Envoy

    OTTAWA — China's ambassador to Canada says the bilateral relationship is now at "rock bottom" compared to any time since diplomatic ties were first established decades ago.

    Canada-China Relations Hit 'Rock Bottom' And At 'Freezing Point': Chinese Envoy

    Court Says B.C. Can't Restrict Oil Shipments In Key Case For Trans Mountain

    In A Victory For Pipeline Proponents, The B.C. Court Of Appeal Has Ruled That The Province Doesn’T Have The Right To Regulate Heavy Oil Or Diluted Bitumen Flowing Through A Federal Pipeline. 2

    Court Says B.C. Can't Restrict Oil Shipments In Key Case For Trans Mountain

    Trudeau 'Extremely Excited' About Toronto Raptors, Says Son Is Massive Fan

    Trudeau 'Extremely Excited' About Toronto Raptors, Says Son Is Massive Fan
    SAULT STE MARIE, Ont. — Even the prime minister is excited about the Toronto Raptors ahead of the biggest game in the franchise's history.    

    Trudeau 'Extremely Excited' About Toronto Raptors, Says Son Is Massive Fan