| Railway Preservation News https://www.rypn.org/forums/ |
|
| Vancouver Island CPR trackage news https://www.rypn.org/forums/viewtopic.php?f=1&t=12531 |
Page 1 of 1 |
| Author: | bobyar2001 [ Mon Mar 14, 2005 2:09 pm ] |
| Post subject: | Vancouver Island CPR trackage news |
The Island Corridor Foundation has reached a deal with CPR to acquire its portion of the E&N Railway. "The deal with the CPR is pretty much signed, sealed and delivered," Jack Peake, foundation chairman said Thursday. He did not disclose the details of the deal, but said it will likely be officially signed at the foundation's Annual General Meeting. While a date and a venue for the AGM has not yet been announced, Peake expects it will be held near the end of March. "It is hugely historic, no doubt about it," he said about the deal. The foundation, made up of a consortium of municipal and regional governments, is also moving full steam ahead to acquire the 289 kilometres of track RailAmerica owns on Vancouver Island, Peake said. "We are a lot closer to being able to do something with RailAmerica," he said. "We also have a number of potential operators, not just one, wanting to run the railway." Peake attributed the success of forward moving talks with RailAmerica to its success in reaching a deal with CPR. (Nanaimo Daily News 050311) |
|
| Page 1 of 1 | All times are UTC - 5 hours [ DST ] |
| Powered by phpBB © 2000, 2002, 2005, 2007 phpBB Group http://www.phpbb.com/ |
|