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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (16175)	3/1/2016 8:40:04 AM
From: Goose94	Read Replies (1) of 202924

Bombardier (BBD.B-T) Via Rail welcomes a federal report he says gives new weight to the plan to build a dedicated passenger train corridor between Quebec City and Windsor, ON. Review of the country's transportation regime calls for increased use of "private-sector approaches" for the federally owned passenger rail service, and support for Via Rail's push to buy and build its own network in the most densely populated part of Canada. "We see it as validation of the strategy we have developed over the last two years," Via Rail chief executive officer Yves Desjardins-Siciliano said of the Canadian Transportation Act review tabled in Parliament last week. In his bid to build a Via-only rail corridor in the Quebec-Windsor route, Mr. Desjardins-Siciliano has been pitching the venture to private investors. Via Rail would buy the tracks and boost the number of daily trains to 18 from five or six. The better service and reliability would allow Via to compete with cars. The project needs $3-billion or $4-billion for electrified tracks. It now uses CN Rail's lines.

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