Saw this in the Ottawa Citizen online today; thought it would be of interest! Personally I would spend the extra $2 billion for the electric trains, it's more sustainable and probably cheaper in the long run.
High-speed rail link feasible at $9.1B, study shows
By Lee Greenberg, The Ottawa Citizen
TORONTO — A high-speed rail link between Toronto, Ottawa and Montreal could be built for $9.1 billion, according to a federal government report released Tuesday.
The report states the long-discussed high-speed train could be a diesel model or a faster, electric version. The diesel trains would travel at 200 km/h and would cost $9.1 billion, while the electric trains would move at 300 km/h and cost $11 billion.
The authors of the report believe the Toronto-Ottawa-Montreal line “could generate a positive net economic benefit at both 200 and 300 km/h.”
A longer, more expensive route stretching from Windsor to Quebec City would cost $18.9 billion to $21.3 billion and would involve heavy government involvement with “no financial return on investment.”
The feasibility study was performed by a group of five international consulting firms, led by Dessau and including Deutsche Bahn International, KPMG, MMM Group and Wilbur Smith Associates.
Transport Canada as well as transportation ministries from Quebec and Ontario commissioned the study, which cost a reported $3.5 million.
Quebec Premier Jean Charest and Ontario Premier Dalton McGuinty have touted a high-speed rail link between the two provinces.
McGuinty called it a “game-changer” in 2010.
“It’s going to plug us into a North American network of high-speed rail,” he said at the time.
Charest called it “a once-in-a-lifetime” opportunity.
Link:
http://www.ottawacitizen.com/news/High+speed+rail+link+feasible+study+shows/5713154/story.html