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3/29/2010
Rail News: Rail Industry Trends
Ontario to provide $15 million for Huron Central upgrades
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Last week, the province of Ontario announced it would provide $15 million for the Huron Central Railway (HCRY) in the 2010 provincial budget.
Owned by Genesee & Wyoming Inc. (GWI), HCRY will use proceeds to upgrade infrastructure by repairing and replacing rail, ties, anchors and bridges between Sault Ste. Marie and Sudbury. Essar Steel Algoma and Domtar generate about 80 percent of traffic on the 189-mile line.
Last year, GWI and HCRY officials announced they would close the route if the province didn’t provide funding to help upgrade the line.
“Our government understands that this railway line is essential to retaining and expanding present-day business operations and jobs in northeastern Ontario and have not wavered from our position to support this project,” said David Orazietti, a provincial parliament member for Sault Ste. Marie, in a prepared statement.
Owned by Genesee & Wyoming Inc. (GWI), HCRY will use proceeds to upgrade infrastructure by repairing and replacing rail, ties, anchors and bridges between Sault Ste. Marie and Sudbury. Essar Steel Algoma and Domtar generate about 80 percent of traffic on the 189-mile line.
Last year, GWI and HCRY officials announced they would close the route if the province didn’t provide funding to help upgrade the line.
“Our government understands that this railway line is essential to retaining and expanding present-day business operations and jobs in northeastern Ontario and have not wavered from our position to support this project,” said David Orazietti, a provincial parliament member for Sault Ste. Marie, in a prepared statement.