Post by jshron-***@public.gmane.org [Canadian-Passenger-Rail]The government has been toting the $1 billion investment in VIA
since 2007. However, it's now been seven years, which makes the
investment average out to only $142 million per year.
What really is the largest ever investment in VIA? $1 billion
over seven years seems like not very much.
Government capital funding, from VIA annual reports,
in millions of dollars.
2013 ___ $90.8
2012 __ $167.2
2011 __ $224.8
2010 __ $268.6
2009 __ $116.8
2008 ___ $42.1
2007 ___ $12.4
2006 ____ $0.0
2005 ____ $0.7
2004 ___ $20.2
2003 ___ $82.4
2002 __ $103.4
2001 __ $151.7
2000 ___ $45.9
1999 ____ $0.0
1998 ____ $0.0
1997 ___ $16.4
1996 ___ $20.7
1995 ___ $39.6
1994 ___ $25.3
1993 ___ $11.8
1992 ___ $44.7
1991 ___ $40.1
1990 ___ $31.5
2007-13 totals to $922.7 million. The government's Main Estimates
for 2014-15 included $36.3 million for VIA capital funding, and
there will also be some funding from the previous year's
appropriation that will show up in VIA's 2014 total, so the grand
total should be over $960 million.
2000-05, which included the purchase of the P42 locomotives and the
Renaissance cars, had capital funding of $404.3 million. I don't
have figures from the 1970s and '80s, when we had the purchase of
the LRC locomotives and cars, the HEP1 rebuilding program (which
extended into the early '90s), and the purchase of the F40s.
The above figures are not adjusted for inflation, but that wouldn't
bring the 2000-05 spending anywhere near the total for the recent
round. For example, the 2001 funding (the peak year from the
Collenette era) would amount to $189.1 million in 2013 dollars,
according to the Bank of Canada inflation calculator.
Tom Box
tbox at ncf dot ca
Port Hope, ON, Canada
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Posted by: Tom Box <tbox-***@public.gmane.org>
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