June 16, 2009
Native rail company wins $5.8 million federal funding
The federal government has announced $5.8 million in federal funding to the Tshiuetin Rail Transportation — a passenger and freight rail company owned and operated by three First Nations communities — for capital improvements to improve the rail line and the passenger rail service between Sept-Îles and Schefferville.
Of the total $5.8 million funding, $2 million comes from existing capital funding and $3.8 million comes from funding under the Economic Action Plan made available in Budget 2009.
The projects funded under the Economic Action Plan will include track replacements and repairs, the construction of two sheds and a turning track, improvements to electrical and telecommunications systems, and the acquisition of maintenance equipment.
Tshiuetin Rail Transportation will spend $2.3 million on these stimulus projects in 2009-2010 and $1.5 million in 2010-2011.The remaining $2 million will be used to purchase two service vehicles and safety equipment and update passenger cars.
DCN News Services
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