The 130-kilometre line would link the city’s international airport with the resort town and four other stops. The CIB and Alberta Transportation will jointly “review the project’s estimated costs and revenues, explore financing options and assess environmental, social and economic benefits.” The Crown corporation will pay for the research, but did not disclose how much it will cost. (The Logic)

Talking point: The project is the first since the federal government overhauled the CIB’s leadership last month, with CEO Pierre Lavallée exiting and former Caisse de dépôt et placement du Québec head Michael Sabia taking over as chair. It’s also the agency’s first Alberta investment; Lavallée defended the CIB against repeated criticism that its early project portfolio was too central Canada- and Quebec-centric. The agency has focused significantly on transport so far. The Calgary-Banff line is its fourth train undertaking, following a $1.28-billion loan for a Montreal light-rail line, $2 billion to expand GO between Toronto and Hamilton, and a $55-million Via Rail feasibility study.