Canada invests $23m in rail projects to enhance supply chain resilience
The Government of Canada has announced an investment of up to C$33.1m ($23.3m) to bolster the nation’s rail infrastructure, aiming to enhance economic growth and supply chain resilience.
The Government of Canada has announced an investment of up to C$33.1m ($23.3m) to bolster the nation’s rail infrastructure, aiming to enhance economic growth and supply chain resilience.
The funding has been allocated for six projects in Alberta and British Columbia (BC) under the National Trade Corridors Fund (NTCF).
The NTCF is a competitive merit-based system, aimed at assisting infrastructure owners and users in investing in essential transportation assets that bolster economic activity across Canada.
Canadian National Railway is set to receive C$10m ($7.05m) for the Jaleslie Siding Extension project, which aims to improve the “fluidity” of freight and passenger rail services to and from the Port of Vancouver.
This initiative will provide an additional passing option for long trains on the single-track corridor between Kamloops and the Port.
NSD Development Corporation has been granted C$6.2m ($4.3m) for the NSD Inland Port project.