A2A Rail vice chair Mead Treadwell said the so-called A2A Railway will succeed where others have failed, because markets are hungry for resources that Canada produces, but..." />
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$22-billion railway between Alaska and Alberta

$22-billion railway between Alaska and Alberta

Approved by Trump

WASHINGTON, D.C.  September 26, 2020 (LSN)  Donald Trump,  U.S. President has issued an executive permit allowing a $22-billion international railway to be built between Alaska and Alberta. Kenora, Thunder Bay, Sault Ste Marie, Sudbury, North Bay, Ontario

A2A Rail vice chair Mead Treadwell said the so-called A2A Railway will succeed where others have failed, because markets are hungry for resources that Canada produces, but can’t export quickly enough to meet demand.

The company will start by constructing rail near Fairbanks, where the Alaska Railroad ends today. From there the railway will move south and east through Alaska, across into Yukon, the Northwest Territories, and into Alberta.

“It is approximately 1,600 miles, with roughly 200 miles of new track in Alaska, and the remaining 1,400 miles in western and northern Canada. We estimate our investment to be $15 billion CAD in Canada and another $7 billion CAD in Alaska,” said the company’s website.

The AtoA Railway will benefit workers from both Canada and the State of Alaska, 

with content from https://www.westernstandardonline.com/

#LSN_Econ 

  • 26 September 2020
  • Author: Robert McKenzie
  • Number of views: 2045
  • Comments: 0
Categories: Economy
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