Regan Reid
Rail safety one of many priorities outlined in throne speech | Canadian Insurance

Rail safety one of many priorities outlined in throne speech

Shippers and railways will be required to carry

Governor General David Johnston’s speech from the throne on October 16 began with a moment of silence honouring those killed in the Lac-Megantic train derailment.

In the wake of one of Canada’s worst rail disasters, one of the many priorities outlined in the speech was rail transportation safety.

The government pledged to “take targeted action” to increase the safety of transporting dangerous goods and stated it would also require railways to have adequate insurance coverage.

Read: CTA to review how it determines minimum insurance requirements for railways

“Railway companies must be able to bear the cost of their actions. Our Government will require shippers and railways to carry additional insurance so they are held accountable,” the Governor General said in his speech.

Pipeline operators may also face higher insurance costs.

Read: Transporting dangerous goods

Stating that Canadians expect that resource development will also respect the environment, the government announced it will set higher safety standards for companies operating offshore and those operating pipelines. And it will “increase the required liability insurance.”

The government also pledged to develop a National Disaster Mitigation Program, which would focus on reducing the impact of natural disasters, and committed to a $70 billion dollar investment over the next decade in federal, provincial, territorial and community infrastructure.

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