Churchill is racing the clock to secure a deal that will transfer ownership of its railroad and port in time to make crucial repairs before the harsh Manitoba winter.
The town, 1,000 kilometres north of Winnipeg, has been without a land link for nearly a year after flooding wiped out railway bridges and tracks.
Long negotiations between the Hudson Bay Railway owner, governments, potential investors and First Nations communities have left the town reliant on airplanes for fuel and food.
Toronto-based Fairfax Financial Holdings Ltd. and First Nations consortium partner Missinippi Rail LP have been trying to buy the railway, port and other assets such as a petroleum storage facility for months and are pursuing a sale agreement with Denver-based owner Omnitrax Inc.
Full story:
https://www.theglobeandmail.com/bus...ses-for-hudson-bay-railway-deal-before-harsh/
The town, 1,000 kilometres north of Winnipeg, has been without a land link for nearly a year after flooding wiped out railway bridges and tracks.
Long negotiations between the Hudson Bay Railway owner, governments, potential investors and First Nations communities have left the town reliant on airplanes for fuel and food.
Toronto-based Fairfax Financial Holdings Ltd. and First Nations consortium partner Missinippi Rail LP have been trying to buy the railway, port and other assets such as a petroleum storage facility for months and are pursuing a sale agreement with Denver-based owner Omnitrax Inc.
Full story:
https://www.theglobeandmail.com/bus...ses-for-hudson-bay-railway-deal-before-harsh/
