Friday, February 28, 2014

CN completes Deux-Montagnes line sale

Written by  William C. Vantuono, Editor-in-Chief
CN on Feb. 28, 2014 closed the sale of its right-of-way principally used by Agence Métropolitaine de Transports (AMT) commuter trains between Deux-Montagnes and Montreal’s Central Station to AMT for C$97 million.

AMT, a government agency that reports to the Quebec Transport Minister, oversees public transport services in the Greater Montreal area.

AMT is acquiring CN’s entire 21-mile Deux-Montagnes Subdivision, which runs from St-Eustache to the entrance of Montreal’s Central Station, including the Mount Royal Tunnel. CN will retain freight operating rights over a portion of the line sold to AMT where freight customers are located.