Backers of Banff passenger rail project say they need provincial yes or no

The backers of a proposed passenger train that would connect Calgary to Banff say they are waiting for a yes or no from the Alberta government before proceeding to the detailed design phase. Liricon Capital Inc., which owns the Mount Norquay ski resort, has asked the province to commit $30 million annually over the life of the train to help cover the project's mortgage. Jan Waterous of Liricon Capital says the provincial commitment is necessary before moving to the next step. Liricon has already