The Canadian Pacific Holiday Trains is Coming Soon!
Company pulls out of running to take over damaged northern Manitoba rail line
CP announces strategic, multi-year rail agreement with A.P. Moller - Maersk
Revenue decline dampens Canadian Pacific’s Q3 profit
CP to acquire full ownership of Detroit River rail tunnel
CP to own Detroit River Rail Tunnel in $312M deal
Transportation Safety Board of Canada reports on 2019 VIA derailment
CP, Maersk ink deal to develop Vancouver transload and distribution facility
Marked increase in trespassing on rail lines worries Metrolinx
CN adjusts operations amid strike at Port of Montreal
Churchill accuses the federal government of not taking its bid seriously and of focusing on a competing bid that includes many of the communities in the region.A company that announced a surprise bid earlier this month to revive a troubled rail line in northern Manitoba has pulled out.
iChurchill accuses the federal government of not taking its bid seriously and of focusing on a competing bid that includes many of the communities in the region.
Severe flooding a year ago washed out the rail line to Churchill, Man., which is the only land link to the subarctic community of 900 on the shore of Hudson Bay.
Since then, prices for food and other items have risen and the tourism industry of Churchill, a community known for polar bears, has been hit hard.
The railway’s owner, Denver-based Omnitrax, has said it cannot afford to repair the rail line and wants, with government help, to transfer ownership to local communities.
Omnitrax has been in negotiations with One North, a consortium of northern Manitoba communities.
This article first appeared on business.financialpost.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.