Parks Canada to board the Calgary-to-Bonf train: Investors Pi News

Proponents of her case have been working to make the actual transcript of this statement available online.

Liricon Capital Inc., which owns the Mount Norway ski resort and a long-term lease for the Banff train station, is still waiting for the yes or no from the Alberta government for its proposed passenger rail line.

Liricon has not asked for provincial funding for capital costs, but has asked the government to kick in a maximum of $ 30 million a year for train life to offset the project’s mortgage.

But a new economic analysis says Lyricon does not even need those annual government payments. The new ridership forecast shows that by 2035 the train will carry 11 million passengers a year, five times more than originally planned.

Lyricon says higher ticket revenue will reduce the government’s annual contribution to zero.

But to achieve that, Parks Canada must pursue policies that promote mass traffic within Banff National Park, such as increasing park entrance fees for private vehicles.

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Calgary to Bonf train proposed by 3 city councilors