The Island Corridor Foundation is seeking support from senior governments for a $431-million rail system that runs a passenger service between Courtenay and Victoria and carry freight.
Under the foundation’s newly released business plan, construction costs would be $381 million, with another $50 million needed to buy rolling stock. Money to set up the service and upgrade rail-corridor infrastructure would come from provincial and federal governments if they agree to support the plan.
The business case’s most conservative estimate for operating costs would put the service in a break-even position at the start, with anticipated revenues and costs bringing in operating profits.
It would be sustainable in the long term, said Larry Stevenson, chief executive of the non-profit foundation, which owns the corridor.
Annual operating costs would be $12.8 million, with revenue scenarios running from $12.7 million up to $23.4 million.
https://www.timescol...freight-5385573
I'm sure that photo will garner Songhees residents support.