The new funding will be used to establish a Joint Project Team and fund work to preserve the option of interoperability with regional transit providers in Montreal and Toronto.
The Joint Project Team, between Canada Infrastructure Bank and VIA Rail, will be established using the $55 million in funding from Canada Infrastructure Bank. This Joint Project Team will coordinate the next steps required in developing this project, focusing on the following activities throughout 2019 to 2020:
· finalizing legal and regulatory work related to safety and environmental assessments;
· consulting with stakeholders and Indigenous communities;
· examining required land and track acquisition; and
· completing the technical, financial and commercial analysis required for a final investment decision on High Frequency Rail in the Corridor.