Via Rail at a crossroads

Article Abstract:

Via Rail Canada Inc. of Montreal, Canada, a national passenger rail corporation, has reported that it requires about C$1 billion in capital investment to improve and maintain its railway service. Via Rail, which is dependent mainly on government subsidies for its operations, is seeking investments from the private sector. A group of six companies, led by Bombardier Inc., has proposed the construction of a high-speed train, a TGV, that would reduce travel from Ottawa to Toronto, both in Ontario, Canada, by one hour and 40 minutes and be more appealing to business commuters.

Comment:

Reports that it requires about C$1 bil in capital investment to improve & maintain its railway service

Railroad Passenger Operations, Line-Haul Railroads, Passenger rail services, Via Rail Canada, Article

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Door opens for rescue of Canadian Airlines

Article Abstract:

Canadian Airlines International Ltd has been permitted by the federal government of Ottawa, Canada, to discuss options on how to save the financially-strapped carrier with Air Canada and other potential buyers or investors. The move signifies the suspension of a long-standing policy that bars airlines from talking to each other. The carrier has been granted 90 days by the Ottawa government to draft a plan to restructure its finances.

Scheduled Air Transportation, Scheduled Airlines, Canadian Airlines International Ltd.

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Ottawa focuses on 'innovation'

Article Abstract:

Despite the country's strong economy, Canadian officials are calling for a focus on innovation to keep Canada a strong competitor in the world market.

Business, Planning

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