The private sector proponents of CABR are:
- Liricon Capital Ltd: Family holding company of long-term Banff residents Adam and Jan Waterous.
- Identified rail as fundamental solution to vehicle congestion in Banff and negative effect on sustainability of National Park and visitor experience.
- Series of investments to facilitate the project, including:
- Acquisition from CP Rail of long term lease over historic Banff passenger rail station.
- Acquisition of Mount Norquay.
- Development of 600 space intercept parking lot on station lands provided free of charge.
- Negotiation of MOU with CP Rail to develop passenger rail project.
- Plenary Group: A public-private partnership (P3) specialist, subsidiary of the Caisse de Depot of Quebec, with a portfolio of 76 assets under management worth more than $47 billion across Australia, Canada, the US, and the UAE.
- Developing Montreal’s $6.5 billion REM project, the largest P3 with airport connection and has CIB) financing.
- Competitively selected as development partner.
- Canada Infrastructure Bank (CIB): Memorandum of Understanding (MOU) to provide up to 50% of the capital required on a project risk basis over 50 years at a low interest rate.
- Canadian Pacific Kansas City Railway (CPKC): MOU for dedicated track in CPKC rail right of way for reduced cost and reliable service.