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Consortium wins C$3.9 billion contract for rail network
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Project spans 1,000 km (620 miles) from Quebec City to
Toronto
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Travel times expected to be halved, Montreal-Toronto in 3
hours
OTTAWA, Feb 19 (Reuters) - An international consortium
including Air Canada ( ACDVF ), AtkinsRealis Group ( SNCAF ) and
France's SNCF has won a C$3.9 billion six-year
contract to help develop a high-speed passenger rail network in
eastern Canada, Ottawa said on Wednesday.
The contract covers the first stage of planning the network,
which would span approximately 1,000 km (620 miles) from Quebec
City to Toronto and allow trains to reach speeds of up to 300
kph (186 mph). The government says current travel times would be
halved, with a Montreal to Toronto trip taking three hours.
Ottawa did not say how long the network would take to build
and how much it would cost. Governments have talked for decades
about a dedicated line for passenger trains, which have to share
the track with freight trains and often suffer delays.
In a statement, the government said the Toronto-Quebec City
corridor was home to 18 million people and accounted for 40% of
national GDP.
The consortium, called Cadence, also includes the Quebec
provincial pension fund and French firms Keolis and Systra.