📋 Tender Overview
Scope The Calgary-BanffBow Valley Passenger Rail Project is a proposed 150km-long passenger railway service between Calgary International Airport and Banff railway station in Alberta Canada.Project Type New passenger rail serviceLocation Calgary International Airport to the Banff town AlbertaEstimated Investment C1bn 796.5mLength 150kmNumber of Stations SevenExpected Start of Construction Q4 2022Expected Opening 2025Developer Liricon CapitalThe Calgary-BanffBow Valley Passenger Rail Project is a proposed 150km-long passenger railway service between Calgary International Airport and Banff railway station in Alberta Canada.To be developed by local family owned company Liricon Capital the project will entail the twinning of the Canadian Pacific Railway CPR corridor railway track to support hassle-free passenger and freight movement. The project partners include the Government of Albertas Ministry of Transportation Alberta Transportation Canada Infrastructure Bank CIB and Invest Alberta.The construction of the Calgary-Banff passenger rail project is scheduled to begin by the end of 2022 and the new service is expected to be operational in 2025. The estimated investment in the project is approximately C1bn 796.5m.Calgary-Banff passenger rail project backgroundThe Calgary-Bow Valley mass transport feasibility study was released by the Town of Banff in February 2019. It was commissioned to explore the feasibility of implementing a mass transit service on the Calgary-Bow Valley route.The study looked at bus and train options as well as high-level infrastructure and fleet requirements and confirmed that the mass transit project is feasible.In April 2019 the Town of Banff discussed the next steps of the mass transportation service project with the regional administrations of Canmore Cochrane and the City of Calgary.An initial memorandum of understanding MoU was signed between Alberta Transportation and CIB to complete studies and due diligence for the project in June 2020. Under the MOU CIB partnered with Alberta Transportation to evaluate the estimated costs and revenues of the project as well as its environmental social and economic benefits before making an investment decision.Invest Alberta Alberta Transportation and CIB signed a detailed MoU in July 2021. The MOU confirms CIBs support for the project and interest in a long-term investment in the project. The Alberta Government will continue to evaluate the proposal including soliciting feedback from the regional municipalities and indigenous communities and assess the option of implementing the project under the public-private partnership model.Calgary-Banff passenger rail project detailsThe Calgary-Banff rail project will include a new sustainable passenger rail infrastructure built within the existing CPR corridor.The project will feature seven stations along a ded
