Head of Via Rail to step down in January as Canada pursues high-speed rail
AI Article Summary
Mario Peloquin, President and CEO of Via Rail, will step down in January as Canada announces plans for a high-speed rail network set to begin construction in 2029. The federal government has yet to finalize funding for the entire project. This announcement comes after recent criticism of Via Rail when passengers were stranded due to a train breakdown. Peloquin, who had been expected to serve a five-year term with Via Rail, is retiring after a long career in the rail industry.
What This Means for Canadian Contractors
This project shows how Canada's infrastructure sector might evolve with the introduction of high-speed rail, potentially leading to increased demand for specialized skills and technologies. For Canadian builders, this means adapting to new construction techniques and timelines associated with high-speed rail projects. The transition may affect supply chains and labor markets, requiring strategic planning to meet the project’s demands efficiently.
