Tshiuetin Rail Transportation, which runs a 217-kilometre rail line between communities in Labrador and northern Quebec, is borrowing from the Canada Infrastructure Bank to improve its tracks, build a new station and buy new trains. (The Logic)
Talking point: Founded in 2004, TRT connects three First Nations to Sept-Îles, Que., with both passenger and freight service. It’s getting the first loan from a $1-billion CIB fund to improve infrastructure in First Nations, Inuit and Métis communities; a $5-million loan from the Quebec government and an extended subsidy from Transport Canada are also part of the package. Meanwhile, despite a formal (and unanimous) call from a House of Commons oversight committee for details on bonuses paid to its senior managers, MPs are irked the bank has only delivered information on the policies and formulas used to determine those bonuses, not the amounts.