My sense is that the evidence from other countries is that the high-frequency rail system could increase the overall share of the market to between 30% and 60%. There's a large amount of variability there, because we see different outcomes in different countries, but if you were to move to a high-speed rail system with average speeds similar to what we see in European countries that would allow travel times of between two and a half and three hours between Toronto and Montreal, you could see rail take an average of an 80% market share along that corridor. There would be a much greater ridership response to that type of investment, based on international examples.
On February 8th, 2024. See this statement in context.