The Canada Infrastructure Bank (CIB), Transport Canada (TC) and the government of Quebec have partnered to provide an investment package to Tshiuetin Rail Transportation Inc. and Tshiuetin to modernize the first indigenous-owned and operated railway in Canada.
The CIB will invest $50 million in the form of a long-term, fully repayable loan; the government of Quebec will invest $5 million, repayable over the next two years; and Transport Canada, which has supported Tshiuetin since 2005, 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 $12 million per year for operating and capital expenditures.
The modernization project will contribute to the economic growth of communities in the Northeastern Quebec and Western Labrador railway corridor. The agreement will contribute to the sustainability of businesses and infrastructure of strategic importance to access the terr
