Parallel Infrastructure announces pact with Central Maine & Quebec

Parallel Infrastructure announced yesterday it reached new tower development and land asset management agreements with Central Maine & Quebec Railway.

The agreements bring an additional 244 miles of corridor to Parallel's 65,000-mile telecommunications development national portfolio, according to a Parallel Infrastructure press release.

The arrangement calls for the Coral Gables, Fla.-based firm to manage and market Central Maine & Quebec's U.S.-based right of way that runs through Vermont and Maine, along with other non-railroad assets.

The pact also covers managing utility and tenant crossing leases on the corridor, marketing existing telecommunications infrastructure and underutilized holdings for uses such as fiber optic and new wireless tower development.