High Frequency Rail

Sector(s)
Trade & Transportation
Location(s)
Ontario, Quebec
Participation
$55 million
Partner(s)
VIA Rail Canada, Transport Canada

Sustainable alternative transportation between Quebec City and Toronto

Involves dedicated tracks along the Toronto-Ottawa-Montreal-Quebec City corridor and the purchase of new trains to provide service along the route.

Fast facts

Supports economic development
Reduce congestion and vehicle emissions
New travel option for work, study and leisure

This project aims to deliver a passenger train service with more frequency, reduced trip times and improved service reliability.

It will help create a more commercially successful, modern rail service that supports economic development in the most populous part of the country. The new, frequent service is expected to reduce vehicle emissions as passengers will leave their vehicles at home to avoid road congestion.

Our team will collaborate on project due diligence, financial advisory services and help fully develop the proposed project’s scope of work.

Benefits of CIB involvement

We are a well-suited partner for VIA Rail. It is important to conduct comprehensive analysis, evaluate various structuring, financing and procurement options to maximize the project’s effectiveness and ensure optimal combination of public and private project participation.

Our experts will be able to draw on market knowledge and advisory capabilities in evaluating various project procurement and financing structure.

Learn more

VIA Rail Canada

High Frequency Rail is part of VIA Rail Canada’s transformation towards a more modern passenger service for a more connected, more sustainable, and more mobile Canada. Consistent growth in ridership since 2014, thanks to our employees’ excellence in operations and service, has created a solid foundation for our proposed High Frequency Rail project. We look forward to working with the Canada Infrastructure Bank in this critical step for improving passenger rail to the benefit of Canadians.

Cynthia Garneau, President and Chief Executive Officer