According to sources, the Federal government in Canada is pushing the Canada Infrastructure Bank (CIB) to back ViaRail high-frequency rail project. From October 2017 to October 2018 financial department met with the agency eight times regarding the project. The ViaRail high-frequency rail project includes the development of new network of dedicated passenger-rail lines in Ontario and Quebec. Currently, ViaRail is running trains on borrowed tracks.
Transport Canada has not come on a conclusion regarding the review process of the project with financing agency. Financing agency CIB is considering various PPP (Public-Private partnership) procurements, such as design- built concession and financing, operating and maintenance agreements.
Country updates
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June 12, 2019
Government of Canada to invest CAD 500 million (US$ 376.80 million) in La Fontaine Tunnel rehabilitation
Federal government and government of Quebec in Canada have announced an investment of CAD 500 million (US$ 376.80 million) in La Fontaine Tunnel rehabilitation project. The Tunnel is a...
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June 10, 2019
Winner for USD1.96bn energy system project in Canada
Public Services and Procurement and Accessibility Canada along with Minister of the Environment and Climate Change has announced that the Government of Canada will partner with Innovate...
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June 06, 2019
Three Companies Qualify to Bid on Community Outpatient Centre
Three companies have been shortlisted to bid on the public-private-partnership of the new Community Outpatient Centre in Bayers Lake, Halifax Regional Municipality in Nova Scotia state. The Outpa...
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June 06, 2019
USD1.5bn investment announced for the Express Rail in Canada
Canada Infrastructure Bank (CIB) announced an investment of up to CAD 2 billion (US$ 1.49 billion) in financing in Ontario’s GO Expansion – On Corridor project. CIB’s partnership wit...
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June 04, 2019
Teams Prequalified for Express Rail On-Corridor Project in Ontario
Infrastructure Ontario and Metrolinx in Ontario, Canada announced four teams have been prequalified to bid on the On-Corridor Works project as part of the GO Rail Expansion program which will provide...
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