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Demonstrate a strong commitment to the economic inclusion of indigenous communities and the modernization of northern infrastructure
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Toronto, July 8, 2021 /CNW/-Canadian Infrastructure Bank (CIB), Transport Canada (TC) and Canadian Government Quebec Announced a partnership to provide a package of investment to Tshiuetin Rail Transportation Inc. and Tshiuetin LP (collectively Tshiuetin) to modernize the first indigenous-owned and operated railway Canada.
CIB will invest 50 million USD In the form of long-term, full loan repayment.government Quebec Will invest 5 million USD, To be repaid within the next two years.transport CanadaTshiuetin has been supporting Tshiuetin since 2005, and under its long-distance passenger railway plan, it re-commits to the company in the next three years to increase its total annual subsidy $12 million Annual operating and capital expenditures.
Modernization projects will contribute to the economic growth of the community Northeast Quebec with West Labrador Railway corridor. The agreement will contribute to the sustainability of strategically important companies and infrastructure to enter the territory while protecting the environment.
The railway is the lifeline of the communities along the corridor. Freight and passenger transportation services are the only convenient link connecting the three indigenous peoples-Innu Takuaikan Uahat Mak Mani-Utenam, Matimekush-Lac John’s Inn Nation and Naskapi Nation Kawauchi Town -Between Shafferville And Sep Island.
modernization
The partnership includes major track structure improvements, upgrading of existing worker accommodation camps and construction of new camps, as well as the construction of new railway stations.
The project also involves the purchase of new energy-saving locomotives and new passenger cars to improve user comfort.
The new train will also be equipped with communication technology, which will eventually allow on-board Internet access. Passengers will be able to keep in touch with work and loved ones while traveling.
Thanks to the improved control system, the new train will be safer. An internet connection will allow direct transmission of instructions to the operation center.
benefit
Communities along the corridor, including indigenous communities, will benefit from increased mobility. The upgraded services will stimulate employment and economic growth. Modern freight services will improve the capacity and efficiency of cargo transportation and create new business opportunities.
The project will also reduce greenhouse gas emissions…
The full story on Benzinga.com
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