The company which plans to build an ultra high-speed transit line from Calgary to Edmonton announced Thursday a deal with two Canadian steel companies.

TransPod’s agreement is with Ontario-based Algoma Steel and Alberta-based Supreme Steel to provide steel materials for the project which is anticipated to create 140,000 jobs in Alberta.

It’s also projected to contribute close to $19.2 billion to the region’s GDP, cut CO2 emissions by 636,000 tonnes per year, and offer fares around 44 per cent lower than airfare between the two big cities.

The project was announced several years ago, but has inched slowly towards coming to fruition.

More specifically announced today, this collaboration with Algoma and Supreme will create long-term domestic demand for 1.5–2 million tonnes of Canadian-mad

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