A proposal for a hydrogen-powered passenger rail connecting Calgary and Banff has been submitted to the federal government in the hopes of having it fast-tracked.

Liricon Capital and Plenary Americas will pay for the line connecting the city to the mountain town, as long as the provincial government pays for a rail connecting the Calgary International Airport to the downtown.

Calgary Mayor Jeromy Farkas called the project not only a "critical economic development" opportunity, but also "a value for everyday commuters."

"It's not just for visitors to Calgary to hop on a train, go downtown, see our amazing city, and then go on to the mountains," he said. "It's also a benefit for commuters in Calgary to be able to get to the airport [and] to work."

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