In a move that is welcomed as a major economic gain for Vancouver Island, the federal government has committed to funding the final $7.5 million installment to restore the Island’s old E&N railway.
A year ago, deteriorated track stopped passenger service on the railway, slowed freight to a crawl and threatened to close the historic railway. (See “Vancouver Island rail fights for survival” – issue 1122; April 26-May 2, 2011.)
Last July, the provincial government committed half the needed funds to restore 104,000 rail ties. (See “Province to fund Vancouver Island rail” – issue 1132, July 5-11, 2011.)
Yesterday, John Duncan, MP for Vancouver Island North, announced that the federal government has set aside up to $7.5 million for work on the restoration of the Vancouver Island Railway between Victoria and Courtenay.
“The restoration of the Vancouver Island Railway will create local jobs and economic growth, re-establish important passenger rail service for Island residents and offer another route for visitors to this beautiful region,” said Duncan.
Federal funding for the project is conditional on completion of a federal project review, the province of B.C. confirming its remaining $7 million contribution, and rail operator the Island Corridor Foundation confirming that no further federal investment will be required.
