US President approves $17bn Alaska-Alberta railway project

Alaska

October 05, 2020 – US President Donald Trump has issued a presidential border crossing permit for the Alaska – Alberta Railway Corporation’s (A2A Rail) $17bn Alaska – Alberta railway line.

 

The new project involves the construction of rail track across the border between Alaska and Canada, providing a modern, safe, and efficient way to transport commodities.

 

The proposed route connects Alaska’s deep-water ports and the existing Alaska Railroad network to Canadian railroads through northern Alberta.

 

Construction on the project A2A railway line is planned to complete by 2025 and is scheduled to be fully operational in 2026. Soft construction on the project will commence this year.

 

A2A founder and chairman Sean McCoshen said: “This is a world-class infrastructure project that will generate thousands of jobs for American and Canadian workers, provide a new, more efficient route for trans-Pacific shipping and link Alaska to North American transportation networks.

 

“The new rail line will provide for greater national, international, and global trade and create new and exciting economic development opportunities for a wide range of businesses, communities, and Indigenous Peoples in Canada and Alaska.

 

“We estimate that this rail line could unlock $60 billion in additional cumulative GDP through 2040 and create more than 28,000 jobs. In addition, A2A will lift household incomes by an average of 40% in the communities we pass through in Northwestern Canada and Alaska.”

 

Located between Alaska and Yukon, the A2A border crossing will provide a “missing link” between Alaska and the North American railway system. It will ensure the free flow of freight from the Gulf of Mexico to the Gulf of Alaska.

 

The presidential permit follows the US Department of State’s advice that the A2A project complies with the foreign policy interest of the US.

Source:-https://www.worldconstructionnetwork.com/news/us-president-approves-17bn-alaska-alberta-railway-project/

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