11 August 2008
Boundary Trail Railway to Buy Track from CP Rail
The Boundary Trail Railway Co., a small firm owned primarily by
farmers, has agreed in principle to buy 23.2 miles of track in southern Manitoba from CP Rail for $4.34 million.
The line, formerly part of CP's La Riviere subdivision, runs from Binney Corner near St. Leon east to Morden.
In addition, BTRC will acquire the rights of way in the La Riviere and Napinka subdivisions.
BTRC expects to complete the purchase by the end of November.
If the deal goes through, BTRC would be the first short line railroad established in Manitoba owned primarily by farmers.
The company said in a press release that the purchase would allow southern Manitoba farmers to retain current shipping alternatives
and permit the development of new business over time.
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