Quebec, Ontario billionaires join bidding for Via HFR electric train deal

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Quebec, Ontario billionaires join bidding for Via HFR electric train deal
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Global News learned that in 2023 federal officials planned to pay up to $20 million to each bid group for their 'compliant' high-frequency electric railway proposals - win or lose.

WATCH: A high-speed train between Montreal and Toronto is being billed as the most important transit project of our lifetime. The vision for the mass transit project was presented by Via Rail's Martin Imbleau to Montreal's business community on Tuesday. – Feb 20, 2024Montreal billionaire André Desmarais has joined one of the consortiums angling to build and jointly operate the federal government’s new high-frequency electric railway.

Kilmer Transportation is an affiliate of Tanenbaum’s Kilmer Group. It owns stakes in conglomerate Maple Leaf Sports and Entertainment .Larry Tanenbaum of Kilmer Sports Ventures, middle, joins Toronto Raptors president Masai Ujiri, and WNBA Toronto team president Teresa Resch pose for a photo as they announced Toronto WNBA franchise, in Toronto on Thursday, May 23, 2024. THE CANADIAN PRESS/Christopher Katsarov.

Its links to the family’s public company, Power Corporation of Canada, if any, are unclear. Power Corp spokesman Stephane Lemay did not respond to questions.VIA high-frequency rail project conducts community consultation in Peterborough

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