Named Alto, Canada’s new $3.9B high-speed rail line will run from Toronto to Québec City, with speeds forecast at up to 300 km/h, the federal government has announced.

The Liberal government launched a six-year, $3.9-billion design and development plan Wednesday that Prime Minister Justin Trudeau says will eventually connect Quebec City and Toronto with a high-speed rail line.

The C.D. Howe Institute study says the promised high-speed rail link would generate between $15-billion and $27-billion in value for Canadians over six decades