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Alberta explores railway rebuilding to strengthen economy

Alberta explores railway rebuilding to strengthen economy

EDMONTON — The historic call of “all aboard” may soon be heard again on an old Alberta railway corridor.

The Government of Alberta is exploring the possibility of restoring the rail line between Oyen and Lyalta as a boost for the economic corridor.

The province signed a memorandum of understanding with Special Areas and Oyen Development Corporation, Oyen Regional Rail Company and the Canada Infrastructure Bank (CIB) to support a feasibility study of the potential project.

The study will determine if there is a business case to support investment which the government writes “would support increased agricultural production and attract new opportunities to producers and processors in the area and across Alberta.”

Restoring the shortline rail in Oyen would give access to critical export markets for Alberta products, according to a release.

“Transportation networks are critical to supporting Alberta’s economic growth and are an investment priority sector for the CIB,” said Ehren Cory, CEO of CIB, in the release.

The feasibility study will cost $1 million. The province is contributing $475,000, CIB $475,000, Special Areas and Oyen Development $25,000 and Oyen Regional Rail Company $25,000.


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