East Central Alberta Shortline Rail

Lack of access to rail shipping in east central Alberta limits the scope and scale of economic development and investment attraction to the region. As part of a Project Acceleration initiative, the CIB signed a Memorandum of Understanding with the government of Alberta and Special Areas and Oyen Development Corp. to undertake a review of the proposed project. A joint feasibility assessment will determine whether there is an opportunity for an investment. Some key indicators under review include potential project scale, environmental, social and economic benefits as well as capital costs and delivery infrastructure.Benefits of CIB involvementInfrastructure projects can take many years to plan and develop and are often delayed due to limited availability of development funding. Our accelerator funding will be used to expedite project assessment work.

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