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Rail News: Rail Industry Trends

Canada to pony up more federal dollars for rail security, infrastructure improvements

The Canadian government recently approved a budget that includes funds to increase capacity for commuter and short-line railroads, and West Coast ports.

The budget will provide $95 million to improve passenger-rail security; $2 billion during the next four years for Canada’s Strategic Infrastructure Fund; $591 million during the next eight years for the Pacific Gateway; and $370 million during the next two years in tax credit savings for urban transit users.

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More News from 5/4/2006