The Island Corridor Foundation has released a report estimating the economic impact of restoring the Island Rail Corridor to operational condition.
The report says the $304 million project would require $147 million for labour and create thousands of jobs — based on an average annual full-time income of $67,000.
The foundation also recently contracted a survey that determined interest is high in rail service on Vancouver Island.
"The results should leave no doubt in anyone’s mind that the people of Vancouver Island want to see rail service restored,” foundation CEO Larry Stevenson said in a news release.
Overall, 80% of survey respondents believe that federal and provincial governments should fund a modern and revitalized rail system for Vancouver Island, and 81% of respondents believe rail should receive a subsidy to support ongoing operations.
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