Hudson Bay Railway Churchill (OmniTRAX / iChurchill)

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Re: Hudson Bay Railway

Postby charding » Thu Aug 10, 2017 12:54 pm ... -1.4163026 - I'm sure you have seen this...but don't know what the update is for repairing/reopening the line...
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Re: Hudson Bay Railway (OmniTRAX / iChurchhill)

Postby Jeff Smith » Thu May 24, 2018 10:22 am

Purchase now in doubt due to lack of flood repair funds:

iChurchill calls off Hudson Bay Railway acquisition

iChurchill Inc. is stepping away from its plan to acquire the flood-damaged Hudson Bay Railway and Port of Churchill in northern Manitoba, Canada, the private company announced yesterday.

Earlier this month, a group of Manitoba First Nations and iChurchill announced they had reached an agreement to buy the rail line, port and associated assets, which are owned by OmniTRAX Inc.

The rail line, which operates between Gillam and Churchill, has been inoperable since portions of it were washed out by floods in May 2017. OmniTRAX has declined to make the repairs related to the flooding, claiming they were "not economically feasible" and that the Canadian government should cover the cost.

In a statement released yesterday, iChurchill officials said they've halted negotiations to finalize the purchase due to the Canadian government's "unwillingness to engage in meaningful dialogue."
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Re: Hudson Bay Railway (OmniTRAX / iChurchill)

Postby Ken V » Wed May 30, 2018 10:29 pm

There's another tentative agreement for Omnitrax to sell the HBR to native groups.
The tracks have sat flood-damaged and idle for more than a year, but now a tentative deal has been struck to bring ownership of the Port of Churchill and the rail line to the northern Manitoba community on the shore of Hudson Bay back into Canadian hands.

Two groups representing northern communities and First Nations — One North and Missinippi Rail LP — joined forces with Fairfax Financial Holdings and now have an agreement in principle to buy the beleaguered assets from American company Omnitrax, the federal government announced Wednesday afternoon.

Full story at ... -1.4683786.

Moderators note: cross posted from Canadian Passenger Operations forum.
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