Project Name: Calgary-Banff Rail
Partner: Government of Alberta
Location: Calgary International Airport to the Town of Banff, Alberta
Sector: Trade and Transportation
Participation: Memorandum of Understanding
Description: The project involves a new passenger railway service between Calgary International Airport and the Town of Banff.
The 130-kilometre sustainable passenger rail service would provide a modern and sustainable travel option from the airport to one of Canada’s most popular tourism destinations. The focus is to stimulate tourism and to increase mobility options of Albertans and visitors. The project would also reduce vehicle greenhouse gas emissions and congestion in the Calgary to Banff National Park corridor.
It has been almost 30 years since the Province of Alberta had regular rail service between its largest city and Canada’s most visited national park. Residents of First Nations communities would see increased employment opportunities with easier access into Calgary and points in between.
Benefits of the CIB Involvement
The CIB is advising the Government of Alberta’s Ministry of Transportation, which includes the development of a business case and financing options to attract private capital and ensure appropriate risk transfer.
- Province of Alberta
- Canada Infrastructure Bank and Government of Alberta sign a Memorandum of Understanding for the Calgary-Banff Rail Project
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