- Match $1.5 million of funding from CIB and Liricon/Plenary to ensure the Airport Connection Rail Study has necessary and timely information to optimize regional rail decisions for the benefit of all Albertans.
- Assuming CABR is a recommended solution (by Feb 2024), enter into Project Development Agreement and match additional $8.5 million of phased funding from CIB and Liricon/Plenary to achieve a final investment decision (by end 2024).
- At financial close (by end 2025), agree GoA financial contribution (which would repay capital) contingent upon CABR’s performance, share in upside revenues and capped at no greater than $30 million per year.
- GoA financial contribution may also be reduced by municipal contributions.
- Initiatives to increase rail market share of park visitors (to 40%) eliminates government financial contribution.
- Performance payments commence only upon completion in 2028.
© 2025 · Friends of CABR