Aaand the rationale for forming an investment bank to borrow money at somewhat higher rates to be used for the same purpose is ......... ??????
- Paul
Rates have not been set in any way for the IB. The problem isn't rates, it's breaks. What deal do investors get that is guaranteed in whole or part by federal participation? The problem isn't rates at all, it's how the deals are structured, and they can work well if this is set-up properly on a *deal by deal basis*. No one deal will be the same terms as another. There's a very real 'danger' (in nationalist terms) that foreign capital, which is avid to invest in Cdn transportation infrastructure, will go *around* the IB, and thus any tether the Feds might have on marshalling investment and development might disappear, and then we'll have nationalists moaning about the "Yellow Peril". That's already been the case in the Oil Patch and Mining.
But getting back to CN and VIA, and Gormick's piece:
well more the reason to lay down dedicated track along key corridors. Too bad we are downright broke
It must be remembered that HFR as projected by D-S is for a private RoW, and government owned/operated VIA running over it. The key point is for *dedicated tracks* (albeit that's not absolute, if VIA has precedence over other users, that would all be in the contractual terms of lease). And Amtrak has *not* fared better, only the North East Corridor, which they own, and lease back rights to other operators, including freight, on their own terms.
As for CN and Amtrak:
[PDF]amtrak calls on surface transporation board to investigate canadian ...
https://www.amtrak.com/ccurl/306/.../Amtrak-STB-Investigation-CN-ATK-14-078.pd...
Sep 2, 2014 -
Amtrak is seeking an investigation of
Canadian National Railway (
CN) for .... On May 21, 2012, the District
Court granted summary judgment in favor of the ..... investigate and “
obtain information from all parties involved. . .”33.
Appeals court rejects on-time performance standards | Trains Magazine
trn.trains.com › News › News Wire
Jul 14, 2017 -
Amtrak's southbound 'Saluki' rolls past the
Canadian National yard into ... The appeals
court ruling, written by Chief Judge Lavenski R. Smith, says that the .... and got them off the passenger hook, i.e.,
access and performance.
Judge sides with freight carriers in Amtrak time-keeping case | Trains ...
trn.trains.com › News › News Wire
Mar 24, 2017 - WASHINGTON – A ruling issued Thursday by the U.S. District
Court for the District of Columbia is likely to be the final decision in a case that ...
Missing: access
Amtrak's Sisyphean struggle to run on time - Railway Age
www.railwayage.com/index.php/.../amtraks-sisyphean-struggle-to-run-on-time.html
Jul 5, 2013 - Congress created the priority
access right in 1973 out of frustration with bankrupt Penn ...
Amtrak passenger
train delays were traced, largely, to host freight
railroad ...
CN countered that
Amtrak's conductor-delay reports were unreliable. ... The appellate
court likened the PRIIA provision at issue to Congress ...
RAIL: As punctuality plummets, Amtrak confronts freight in Supreme ...
https://www.eenews.net/stories/1060008220
Oct 31, 2014 - As punctuality plummets,
Amtrak confronts freight in Supreme
Court ...
Canadian National Railway Co. for allegedly shunting
Amtrak trains onto ...
Missing: access
US court rules Amtrak has too much power over freight carriers - Reuters
www.reuters.com/article/us-usa-court-amtrak-idUSKCN0XQ1XX
Apr 29, 2016 - U.S. government-owned passenger
rail company
Amtrak wields improper and coercive regulatory power over private freight carriers under a ...
Missing: cn access
44076 - Decision - Surface Transportation Board
https://www.stb.gov/decisions/readingroom.../6909c80b928a148685257db30053c4c...
[2] Unless the Supreme
Court reverses the D.C. Circuit's decision,
Amtrak cannot ... The Board will grant
Amtrak's motion to amend its complaint and deny
CN's .... to enforce its
access rights on the lines of
rail carriers that host
Amtrak service.
Oil-Laden Freight Trains Delaying Amtrak, Commuter Trains Across ...
chi.streetsblog.org/.../oil-laden-freight-trains-delaying-amtrak-commuter-trains-across...
Aug 14, 2014 - Nationwide, the number of delayed
Amtrak trains has increased by ... from a
court ruling that left
Amtrak powerless against freight
train interference. ...
CN BNSF owns the tracks in dark gray.
CN owns track in red. Map .... They need to be able to
access and utilize that network to recoup their investment.
And so on...the point is very clear for VIA in this nation, not even having a fraction of the legal status that Amtrak does in the US: They have to have their own tracks, either leased or outright owned, to run a modern, efficient, reliable and *frequent* service. And that's been Desjardin-Siciliano's claim for two years now.