Bloomberg: “The team behind the proposed Alaska to Alberta railway aims to start prep work for construction in December, with a goal of getting the $17 billion cross-border railroad running by 2025. Sean McCoshen, founder and chairman of the company behind the project, said he has spent $100 million on studies and engineering reports and now has private funds backing the Alaska to Alberta Railway Development Corp., or A2A Rail, to start construction. The railway will connect Fort McMurray, in the heart of Alberta’s oil sands, with the Alaska Railroad southeast of Fairbanks.”
“‘This project is extremely viable,’ McCoshen, 53, said in an interview that also included A2A Rail’s finance and strategy head Robert Dove, who previously led the Carlyle Group’s infrastructure fund. ‘It’s a win-win for all concerned.'”