Tshiuetin Rail to receive funding for upcoming projects

Tshiuetin Rail Transportation, a First Nations-owned and operated railway, has secured investments and financing through partnerships with the governments of Canada and Quebec.

The proceeds will be used to help fund various projects, including track improvements, the construction of a new station, internet access for passengers and more fuel-efficient trains, according to a press release.

The Canada Infrastructure Bank (CIB), Transport Canada and the government of Quebec announced a partnership to provide an investment package to Tshiuetin Rail Transportation Inc. and Tshiuetin LP to modernize the first Indigenous owned and operated railway in Canada. 

The CIB will invest CA$50 million in the form of a long-term, fully repayable loan. The government of Quebec will provide CA$5 million, repayable over the next two years.

Transport Canada has renewed its commitment to the company for the next three years under its Remote Passenger Rail Program, increasing its total annual subsidies of at least CA$12 million per year for operating and capital expenditures.