Banx Media Platform logo
BUSINESSHappening NowFeatured

Canada Announces Largest-Ever VIA Rail Investment, Bringing Passenger Locomotive Assembly Home

Canada announces its largest-ever VIA Rail investment, bringing passenger locomotive assembly back home while creating jobs and renewing the fleet.

W

William Hills

EXPERIENCED
5 min read
1 Views
Credibility Score: 97/100
Canada Announces Largest-Ever VIA Rail Investment, Bringing Passenger Locomotive Assembly Home

Prime Minister Mark Carney’s government has announced a $1.95 billion investment to renew VIA Rail’s long-distance, regional, and remote locomotive fleet while restoring passenger locomotive assembly in Canada. The package includes $1.6 billion for 45 hybrid battery-diesel locomotives, with up to 36 receiving final assembly domestically, plus $357 million for a new Montréal facility. The project is expected to support approximately 1,200 full-time-equivalent jobs and improve reliability, fuel efficiency, maintenance capacity, and passenger service across Canadian routes for decades ahead.

Published by Banx Network. This article is part of the Banx decentralized media programme, powered by the BXE token on the XRP Ledger.

Decentralized Media

Powered by the XRP Ledger & BXE Token

This article is part of the XRP Ledger decentralized media ecosystem. Become an author, publish original content, and earn rewards through the BXE token.

Newsletter

Stay ahead of the news — and win free BXE every week

Subscribe for the latest news headlines and get automatically entered into our weekly BXE token giveaway.

No spam. Unsubscribe anytime.

Share this story

Help others stay informed about crypto news

Related articles

Keep exploring the latest stories.

View more
Between Machines and Markets, U.S. Factories Gather Momentum While Hiring and Production Move Through Changing Demand

Between Machines and Markets, U.S. Factories Gather Momentum While Hiring and Production Move Through Changing Demand

U.S. manufacturing activity improved in August as new orders strengthened, although employment remained under pressure across factories.

As Global Chip Demand Expands, Japan Opens Another Chapter in Its Long Semiconductor Manufacturing Journey

As Global Chip Demand Expands, Japan Opens Another Chapter in Its Long Semiconductor Manufacturing Journey

Japan is accelerating semiconductor investment through advanced manufacturing projects as it seeks a stronger role in global chip supply chains.

Between Ships and Warehouses, Singapore’s Maritime Gateway Carries More Cargo Through Changing Global Trade Currents

Between Ships and Warehouses, Singapore’s Maritime Gateway Carries More Cargo Through Changing Global Trade Currents

Singapore’s container throughput continued to strengthen as regional trade and transshipment activity supported the city-state’s major maritime hub.