HALIFAX, N.S. — A much-hyped intermodal truck-train freight corridor into Halifax isn’t going to happen.

The government said the $220 million price tag for such a system is a lot more than the province could afford right now.

According to a Canadian press report, A feasibility report prepare by McCormick Rankin Corp. found that the final cost would be considerably higher than the $80 million first projected.

Part of the Atlantic Gateway initiative, the proposal called for existing rail lines into Halifax as a route for both truck and container traffic to and from the port.

Premier Rodney MacDonald has been pushing for the development of these Atlantic Gateway projects, which, among other things, would see highway and port upgrades to increase the flow of container traffic through the province.

Atlantic Gateway projects is aimed at making the port of Halifax a major gateway to North America for trade coming through the Suez Canal from India and Asia.