iCe
10-25-2003, 04:58 AM
http://www.viarail.ca/cgi-bin/webcomm-2.2?site=via3&lng=en&idx=2&ref=336
OTTAWA -- Transport Minister David Collenette today announced Renaissance II, a new funding package to revitalize inter-city passenger rail services in Canada, worth $692.5 million over the next five years.
"Today, the Government of Canada is acting to provide for faster, more frequent and more reliable passenger rail service across Canada," said Mr. Collenette.
"Coupled with the $401.9 million announced in April 2000, more than $1 billion has been committed by this government towards the revitalization of passenger rail, the largest cash infusion for passenger rail in Canadian history," added Mr. Collenette.
The funding commitment announced in April 2000 provided VIA Rail with the means to address urgent capital needs related to rolling stock, infrastructure and health and safety. This new investment addresses VIA's long-term capital needs, ensuring that its current network and service levels are sustainable into the future, while preserving the option for higher speed rail at a later date.
The capital funds for Renaissance II will be for new infrastructure improvements and additional equipment acquisition and refurbishments and will be allocated over five years beginning in fiscal year 2004/05. The investment will be targeted for spending in these categories:
acquisition of new locomotives;
fleet renewal;
strategic infrastructure improvements to eliminate bottlenecks in the Quebec City-Windsor corridor; and
station refurbishment.
The completion of VIA's fleet renewal will also contribute to improving the company's environmental performance through increased fuel efficiency and reduced greenhouse gas emissions per passenger, further benefiting all Canadians.
"This investment demonstrates the government's commitment to the continued revitalization of Canada's passenger rail services. Renaissance II will bring truly modern, affordable, safe and efficient travel options to Canadians," concluded Mr. Collenette.
VIA Rail Canada Inc., a Crown corporation, was created in 1977 to operate Canada's national passenger rail service.
Woohoo!!! :)
However, the soon-to-be Prime Minister Paul Martin and his government are planning on scrapping the deal....they are anti-rail! :x
OTTAWA -- Transport Minister David Collenette today announced Renaissance II, a new funding package to revitalize inter-city passenger rail services in Canada, worth $692.5 million over the next five years.
"Today, the Government of Canada is acting to provide for faster, more frequent and more reliable passenger rail service across Canada," said Mr. Collenette.
"Coupled with the $401.9 million announced in April 2000, more than $1 billion has been committed by this government towards the revitalization of passenger rail, the largest cash infusion for passenger rail in Canadian history," added Mr. Collenette.
The funding commitment announced in April 2000 provided VIA Rail with the means to address urgent capital needs related to rolling stock, infrastructure and health and safety. This new investment addresses VIA's long-term capital needs, ensuring that its current network and service levels are sustainable into the future, while preserving the option for higher speed rail at a later date.
The capital funds for Renaissance II will be for new infrastructure improvements and additional equipment acquisition and refurbishments and will be allocated over five years beginning in fiscal year 2004/05. The investment will be targeted for spending in these categories:
acquisition of new locomotives;
fleet renewal;
strategic infrastructure improvements to eliminate bottlenecks in the Quebec City-Windsor corridor; and
station refurbishment.
The completion of VIA's fleet renewal will also contribute to improving the company's environmental performance through increased fuel efficiency and reduced greenhouse gas emissions per passenger, further benefiting all Canadians.
"This investment demonstrates the government's commitment to the continued revitalization of Canada's passenger rail services. Renaissance II will bring truly modern, affordable, safe and efficient travel options to Canadians," concluded Mr. Collenette.
VIA Rail Canada Inc., a Crown corporation, was created in 1977 to operate Canada's national passenger rail service.
Woohoo!!! :)
However, the soon-to-be Prime Minister Paul Martin and his government are planning on scrapping the deal....they are anti-rail! :x