This bill is from the 40th Parliament, 2nd session, which ended in December 2009.
This bill, the first introduced in any session, is a formal tradition rather than proposed legislation. It doesn't actually have anything to do with railways.
Not a real bill (bills C-1 and S-1 are weird procedural relics), as of Jan. 26, 2009
(This bill did not become law.)
All sorts of information on this bill is available at LEGISinfo, an excellent resource from Parliament. You can also read the full text of the bill.
Bill numbers are reused for different bills each new session. Perhaps you were looking for one of these other S-1s: