Calgary-Banff Rail

Sector(s)
Trade & Transportation
Location(s)
Calgary Airport to Banff, Alberta
Participation
Memorandum of Understanding
Partner(s)
Government of Alberta

Rail service from Calgary International Airport (YYC) to Banff National Park for the first time in 30 years

The project involves a new 130-kilometre sustainable passenger railway service with six stops between the airport and the Town of Banff.

Fast facts

Sustainable travel option for tourism
Increase labour mobility in the region
Reduce greenhouse gas emissions
Decrease congestion in the travel corridor

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 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.

As an advisor, we will conduct analysis, review the project’s estimated costs and revenues, explore financing options and assess environmental, social and economic benefits. We will potentially invest in the project, pending due diligence and decision-making by our Board.

Benefits of CIB involvement

Our team of experts engages and builds relationships with all levels of government, Indigenous communities and private and institutional investors. Our unique position allows us to conduct market analysis and provide specialized commercial and investment expertise. This includes innovative financial modelling, project structuring and procurement options to support project sponsors.

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Government of Alberta

Our government is creating an environment where investors and job creators can succeed in Alberta. We’re pleased to be partnering with the CIB to complete a feasibility study for the Calgary-Banff Rail project. The CIB brings expertise and experience needed for a project of this scale. We look forward to learning more about this exciting project and hearing from our community partners about how this opportunity can support our tourism industry and get our economy back on track.

Ric McIver, Minister of Transportation for Alberta