CN sells 21-mile line to Montreal's AMT (3/3/2014)

CN has sold a 21-mile line principally used by Agence métropolitaine de transport (AMT) commuter trains between Deux-Montagnes and Montreal's Central Station to AMT for $97 million (in Canadian dollars).

A government agency that reports to Quebec's transport minister, AMT oversees public transportation services in the greater Montreal area.

AMT is acquiring CN's entire Deux-Montagnes Subdivision, which runs from St-Eustache to the entrance of Montreal's Central Station, including the Mount Royal tunnel.

CN will retain operating rights over a portion of the line to continue serving freight customers in the corridor.

Source: Progressive Railroading Daily News