Calgary-Banff Rail Proponents Submit Plan for Federal Major Project Status – The Deep Dive

December 14, 2025

Developers behind a proposed $2.6 billion hydrogen-powered passenger rail connecting Calgary’s airport to Banff National Park submitted their application Tuesday to the federal government’s Major Projects Office, seeking fast-track approval for what they describe as nation-building infrastructure.

Liricon Capital and Plenary Americas presented their Calgary Airport to Banff Rail proposal to the federal agency established by Prime Minister Mark Carney to streamline major project approvals and funding on December 3.

“We can’t help but be optimistic it’ll be selected — it checks off the boxes, has so many benefits not just for the communities along the route but for the country,” said Jan Waterous, managing principal of Liricon Capital.

Read More: https://thedeepdive.ca/calgary-banff-rail-proponents-submit-plan-for-federal-major-project-status/