Port of Vancouver seeks $76 million federal loan for rail

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The Port of Vancouver will pursue a $76 million loan from the federal government to fund its signature rail project. The port’s three-member board on Tuesday voted unanimously to apply for the loan through the Federal Rail Administration.

The funds would go toward the West Vancouver Freight Access project, a planned 27-mile expansion of rail tracks to speed cargo and handle more of it. The project will cost an estimated $148 million from 2011 through completion in 2017.