Skip to main content

Posts

Showing posts from September, 2010

Where Are We Going in 2010 With High Speed Rail in Canada?

This summer has been busy for Canadian business, winning contracts and investing in operating high speed rail lines. The only problem is that it is not happening in Canada. Bombardier Incorporated, in a joint venture, has won a contract for 40 high-speed train sets from China's Ministry of Railways, worth about $761 million. Two Canadian pension funds have joined forces to bid for Britain's only high-speed rail line, three people familiar with the matter said. Borealis, the infrastructure investment arm of Ontario Municipal Employees Retirement System, is working with Ontario Teachers' Pension Plan (OTPP) on a joint offer for High Speed 1, which has a 30-year concession to run a 110 kilometre (70 mile) railway linking London and the Channel Tunnel. In Canada the quest for modern passenger rail service in 2010 continues to be an uphill struggle. The main blame has to go to politicians who lack any type of vision or defined plans for high speed passenger rail. Alber