Calgary Airport-Banff Rail Project Gains Momentum

The proposed Calgary Airport–Downtown–Bow Valley–Banff passenger rail project just moved a step forward as parties involved in the project have signed a MOU (Memorandum of Understanding) to formalize collaboration.

Canada’s Building Trades Unions (CBTU), the Building Trades of Alberta (BTA) and Friends of Calgary Airport–Banff Rail (CABR) are leading the development which would have significant implications for tourism access in Alberta.

Once built, the rail link is expected to improve visitor connectivity between Calgary International Airport, downtown Calgary and the Bow Valley, supporting tourism growth while creating well-paying union jobs and contributing to Alberta’s broader economy.

“Passenger rail from the airport through downtown Calgary to Banff is more than transportation, it’s an economic development strategy,” said Adam Waterous, Chair of Liricon Capital and lead proponent of CABR. “This MOU demonstrates alignment between labour, proponents, and advocates. With collaboration across governments, Alberta can show leadership by building infrastructure that works for workers, communities, and the economy.”

Independent analysis estimates that combined Calgary Airport – Downtown Express (CADE) and CABR construction from Downtown to Banff would support approximately 9,900 job-years, equivalent to roughly 1,700 full-time jobs, generate nearly $700 million in economic output over a three-year build, and create hundreds of permanent operational jobs. Over the long term, the project is projected to support more than 22,000 jobs through tourism and related economic activity.