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Rail News: Passenger Rail
4/1/2010
Rail News: Passenger Rail
CN sells section of track to Metrolinx
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Yesterday, CN announced it sold a section of track west of Toronto Union Station to Metrolinx for $166.2 million.
The sale gives Metrolinx ownership of a section of its busiest GO Transit corridor. The section also links Union Station and GO Transit’s Willowbrook rail equipment facility in southwest Toronto.
The transaction enables CN to maintain certain operating rights over the line segment and continue to serve its customers.
The sale gives Metrolinx ownership of a section of its busiest GO Transit corridor. The section also links Union Station and GO Transit’s Willowbrook rail equipment facility in southwest Toronto.
The transaction enables CN to maintain certain operating rights over the line segment and continue to serve its customers.
