CTA gives green light to PE-owned Central Maine & Québec Railway Canada
The Canadian Transportation Agency has issued a "certificate of fitness" to Central Maine & Québec Railway Canada Inc for railway operations in this country that result from the purchase of Montréal Maine and Atlantic Railway Inc. Montréal Maine and Atlantic Railway was the company involved in the train derailment disaster in Lac-Mégantic, Québec in 2013. Driving the management of the new railroad business is U.S. private equity firm Fortress Investment Group, which won the rights to the assets of Montreal, Maine and Atlantic Railway and its Canadian affiliate in January.
26 June 2014•1 min read
