Monday
Oct242011

Shining Waters Railway Receives Results of Economic Impact Study  

The Shining Waters Railway has taken receipt of the results of the Eco-nomic Impact Study commissioned to explore the local economic feasibility of restoring Peterborough-Toronto commuter rail service.

Delcan Corporation of Markham, Ontario was awarded the tender to complete the study in December 2010. Funds for the study were provided by the Federal Economic Development Agency for Southern Ontario (FedDev Ontario) through the Greater Peterbor-ough Chamber of Commerce.

Delcan Corporation provides a broad range of integrated systems and infrastructure solutions. Their skills and resources are focused on Transportation and Water sectors reinforced through their Information Technology expertise. For more than 50 years Delcan has consistently evolved and adapted to successfully meet the growing needs of their clients, and as a result are now recognized world-wide for their award winning projects.

The Executive Summary of the report is below. The Full Report will be publicly released pending the consideration of the Federal and Provincial transportation departments.

“We are very excited with the results of this report.” stated Tony Smith, President of the Shining Waters Railway. “The Executive summary shows many positive impacts that will affect all of the communities along the rail line. This report is further proof that this project is indeed a feasible solution in addressing our community’s economic and transportation needs.”

“I look forward to working with local partners and all levels of government to see this project move forward to the next phase.” stated Jeff Leal, Member of Provincial Parliament for Peterborough. “I appreciate the report completed by Delcan Corporation on the esti-mated economic impact of the Shining Waters Railway for our region.”

"As I have consistently maintained since 2006, the re-introduction of commuter passenger rail will have a significant and substantial positive economic impact on our region.” stated Dean Del Mastro, Member of Parliament for Peterborough. “I welcome these inde-pendent findings that clearly support the economic importance of this project to our region and look forward to the next important phase of completing this project."

Media Release & Executive Summary

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