Progressive Railroading



RAIL EMPLOYMENT

Newsletter Sign Up
Stay updated on news, articles and information for the rail industry


All fields are required.





Rail News Home Rail Industry Trends

10/27/2003



Rail News: Rail Industry Trends

VIA Rail to receive governmental capital-improvement funds for five years



The Canadian government recently announced plans to provide VIA Rail $528.5 million in governmental funds during the next five years. Combined with a previous package, the government plans to contribute more than $763 million to the agency for capital improvements — the largest cash infusion for intercity passenger rail in Canadian history, according to a prepared statement.

Funds would come from Renaissance II, a new funding package designed to address long-term capital needs to ensure Canada’s transportation system and service levels meet growing needs. VIA Rail will use funds to improve infrastructure, purchase rolling stock, rehabilitate cars and refurbish stations.

In April 2000, the government created Renaissance I, a $306.7 million funding package for VIA Rail. The funding enabled the agency to purchase 139 cars and 21 locomotives, upgrade several stations, and build four new stations.




Contact Progressive Railroading editorial staff.

More News from 10/27/2003