This moved over the wires this evening:
VIA Rail expected to announce new fundingFull story
OTTAWA – The federal government is expected to announce several hundreds of millions of dollars in new funding for Via Rail on Thursday, the first significant injection of new money to the cash-strapped Crown passenger rail corporation in years.
The announcement will be made at Union Station in downtown Toronto by Transport Minister Lawrence Cannon and Finance Minister Jim Flaherty, with Via chairman Donald Wright in attendance.
Spokesmen for both ministers refused to give details of the announcement, but observers close to the rail operator expect it will involve money for capital acquisitions, refurbishing locomotives and passenger cars, increased rail capacity and additional funds for day-to-day operations.
Last edited by mkellerm on Thu Oct 11, 2007 5:15 pm, edited 1 time in total.