Hudson Bay Railway to be sold

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Hudson Bay Railway to be sold

Postby Ken V » Wed Feb 03, 2016 12:59 am

Omnitrax Canada is in negotiations with a First Nations group to sell the Hudson Bay Railway and the Port of Churchill Manitoba.

A deal is in place between Omnitrax Canada and a group of First Nations led by Mathias Colomb Cree Nation to acquire the Hudson Bay Railway and the Port of Churchill.

Details were not released, but the players made it clear it would not be a conventional cash transaction and there would have to be an element of public-sector support to be able to finalize it.

Story from the Winnipeg Free Press.
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