Rail News - Canada Infrastructure Bank To Invest Up To Ca$2b In Go Transit Expansion. For Railroad Career Professionals
Canada Infrastructure Bank (CIB) yesterday announced it will invest up to CA$2 billion in financing to expand GO Transit in the greater Toronto and Hamilton area of Ontario. The expansion will create a two-way, all-day rapid transit service on core segments of the GO Rail network. CIB will act as a financing partner and adviser to Metrolinx and Infrastructure Ontario, which are leading the competitive procurement process for the expansion. Once a winning bidder is selected and the project reaches financial close, CIB will finalize a credit agreement, CIB officials said in a press release.