A detailed memorandum of understanding to accelerate the development of a proposed 150 km passenger line linking Calgary Airport with Banff National Park has been signed by Alberta’s Ministry of Transportation, Invest Alberta and Canada Infrastructure Bank. Project feasibility studies have been completed since an initial MoU was signed by Alberta Transportation and CIB in June 2020. Meanwhile, Liricon Capital has submitted an unsolicited proposal to act as project developer. Invest Alberta plans to undertake market engagement this summer. The province will continue to assess the proposals and seek input from municipalities and indigenous communities. It is envisaged that the project would be undertaken through a long-term PPP.