Passenger rail line will need some private funding, VIA CEO says

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 AMSTERDAM — The CEO of VIA Rail Canada says the company will need private-sector funding to complete construction of a proposed passenger-only rail line between Toronto and Windsor, Ontario.

According to a report in the Railway Gazette International, VIA’s Yves Desjardins-Siciliano, speaking at the Terrapinn World Rail Festival, said he expects that by April 2019, the province of Ontario will confirm its intent to build a passenger route between Toronto and London, Ont. Some private funding would be necessary, he believes, for the second phase, from London to Windsor. “‘Canada is attractive to institutional investors because of its economic health and geopolitical stability,” he said. “Canadian pension funds have already invested in rail infrastructure projects around the world.”

The route will likely not have a top speed of more than 125 mph, he said, reflecting the need to stop at least every 60 miles at stations in the densely populated area.

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