New York New York USA - The company at the centre of the train derailment that killed 47 people and destroyed part of Lake Megantic last July, is reportedly getting a new name.
 
The Bangor Daily News is reporting that the Montreal Maine & Atlantic Railway will become known as the Central Maine & Quebec Railway when its sale is finalized.
 
It is being sold to Railroad Acquisition Holdings, an affiliate of New York-based Fortress Investment Group.
 
A consultant working with Fortress on the railway purchase confirmed the new name to the newspaper in an email.
 
John Giles says it was chosen because it "has a nice ring to it" and reflects the community it serves.
 
Fortress was the winning bidder in an auction last month of the railway, which filed for bankrupcy in the U.S. a month after the Lake Megantic disaster.

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