CHURCHILL, Man. — A deal has been reached to sell and repair a broken rail line that is the only land link for the northern Manitoba town of Churchill.
The community on Hudson Bay has been isolated since spring flooding in 2017 damaged the rail line and forced fuel and food prices to be flown in at skyrocketing costs.
The town says the deal includes the sale of the Hudson Bay Railway, the Port of Churchill and the Churchill Marine Tank Farm.
In a statement, the town says the assets have been purchased by a consortium of northern communities, Toronto-based Fairfax and AGT Foods.
It’s not clear how quickly repairs to the rail line can be done.
Hudson Bay Railway has said the line has been losing money for years and the necessary repairs would cost tens of millions of dollars.
“Significant work lies ahead including immediately mobilizing for repairs to the rail line and to restore services,” the town said in a statement late Friday afternoon. “The residents and businesses of Churchill have shown great patience and resiliency during this difficult time.”
The Canadian Press
The post CP NewsAlert: Deal reached on broken rail line to Churchill in northern Manitoba appeared first on The Canadian Parvasi.
This post first appeared on Canadian Parvasi News - Indian And Canadian News For You, please read the originial post: here