Canada’s Ontario province has partnered with Thales Canada to develop the next-generation of rail signalling solutions for its railways.
About C$12m ($9.3m) will be invested by the province through the Jobs and Prosperity Fund with the overall project investment value set to reach around C$80m ($62.5m).
More than C$14bn ($10.9bn) is annually spent on R&D in Ontario, and the province is supporting the Canadian subsidiary of France-based Thales Group as it upgrades its mass rail signalling products to improve transit safety.
It is expected that the project would create 126 jobs in the province and retain another 963 over five years.
Ontario economic development, employment and infrastructure minister Brad Duguid said: "By welcoming businesses who invest in Ontario, we are able to fulfil our number one priority of growing the economy and creating jobs.
"Our support for Thales in Canada will help it ramp up its research and development work and leverage new and innovative technologies."
Using Ontario’s workforce, the project will focus on research and advanced engineering to develop Canada’s communication-based train control (CBTC) solutions for mass transit, including subways, light rail and commuter rail systems.
Thales Canada president and CEO Mark Halinaty said: "The province’s welcoming investment environment and talented workforce have encouraged us to expand our operations here."
It is reported that Ontario’s Jobs and Prosperity Fund is providing C$2.7bn ($2.1bn) over ten years to improve productivity, strengthen innovation and grow exports in the province.
Image: Ontario economic development, employment and infrastructure minister Brad Duguid tries the simulator. Photo: courtesy of Thales Group.