Great Canadian Rail Tour Company to Participate in Request for Proposal to Operate Passenger Rail Service on BC Rail Route

November 27, 2003

The Company's RFP response will propose introduction of the Whistler Mountaineer
and expansion of the world renowned Rocky Mountaineer service

Vancouver, British Columbia (November 27, 2003) - Great Canadian Railtour Company (GCRC), owner and operator of Rocky Mountaineer Railtours, has formally expressed their interest and intention to participate in the request for proposal regarding passenger rail service on the BC Rail route. This declaration follows Premier Gordon Campbell's announcement on Tuesday, November 25 concerning the BC Rail Investment Opportunity Agreement with CN Rail.

"We are extremely excited about the possibilities and the future of passenger rail service in British Columbia," said Peter Armstrong, GCRC's President and CEO. "Rocky Mountaineer Railtours has a strong track record in passenger rail and we have developed the business ten fold from when it was operated by VIA Rail.
" Since taking over the government operated service in 1990, we have developed a business model that has surpassed the expectations of travellers to British Columbia. Armstrong continued,
"If there is the potential for establishing a service that can be sustained over the long term on this route we are confident we are best suited to meet that challenge. If there is potential economic impact to be gained by the communities along the route, we again are confident that our model and our experience will allow us to work with the communities to fully develop that potential."

GCRC has announced proposed plans that include the introduction of the Whistler Mountaineer® train to operate between North Vancouver and Whistler and an extension of the Rocky Mountaineer® service to run between Whistler, Prince George and Jasper. This proposed expansion would add to GCRC's existing routes between Vancouver and Jasper and Vancouver and Banff /Calgary. The Company has also introduced excursions from Prince Rupert serving the cruise business and linkages with the proposed new service on BC Rail are an obvious extension of that service.

Rocky Mountaineer Railtours has become the largest privately owned passenger rail service in North America with sales representation in 18 countries and 350 employees during the operating season. The mix of passengers from the Canada, United States, United Kingdom, Australia, Germany, Mexico and many more countries evidences the organization's international reach. Rocky Mountaineer Railtours current rolling stock roster of 70 pieces of equipment includes 35 RedLeaf coaches, 12 GoldLeaf bi-level dome coaches and five locomotives. Rocky Mountaineer Railtours' recently updated website may be found at www.rockymountaineer.com

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Contacts:
Graham Gilley
Vice President, Marketing & Communications
Rocky Mountaineer Railtours
(604) 606-7280
ggilley@rockymountaineer.com
 
To download digital photos please go to: http://www.rockymountaineer.com/download