Hudson Bay Railway Churchill (OmniTRAX / iChurchill)

Pertaining to all railroading subjects, past and present, in Canada. For specific railroad questions, see Fallen Flags and Active Railroads categories.

Moderator: Ken V

Re: Hudson Bay Railway

Postby charding » Thu Aug 10, 2017 12:54 pm

http://www.cbc.ca/news/canada/manitoba/ ... -1.4163026 - I'm sure you have seen this...but don't know what the update is for repairing/reopening the line...
charding
 
Posts: 140
Joined: Wed Dec 10, 2008 1:33 pm

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: ProgressiveRailroading.com

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."
...
Next stop, Willoughby
~Jeff Smith (fka "Sarge") :: RAILROAD.NET Site Administrator
Jeff Smith
Site Admin
 
Posts: 7759
Joined: Tue Nov 07, 2006 9:28 am
Location: MP 67.2 Georgia Southern Railway

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 http://www.cbc.ca/news/canada/manitoba/ ... -1.4683786.

Moderators note: cross posted from Canadian Passenger Operations forum.
Ken V. Moderator: Most things Canadian.
Any time could be train time!
User avatar
Ken V
 
Posts: 886
Joined: Thu Mar 11, 2004 10:14 pm
Location: Toronto, ON

Re: Hudson Bay Railway Churchill (OmniTRAX / iChurchill)

Postby Ken V » Thu Jul 05, 2018 9:45 pm

Here we go again...
An anticipated purchase deal for the Hudson Bay Railway line from The Pas., Man., to Churchill appears to have broken down.

"Over the past several months we have been working with the consortium to finalize the sale of the HBR. Despite our best efforts to find common ground on certain key issues, it now appears that this transaction has fallen apart and that a sale of the HBR to this group may not be possible," said a news release from Omnitrax, which currently owns the rail and port.

"This outcome is unexpected and very unfortunate. We offer our apologies to all those who depend on the line."

Full story: https://www.cbc.ca/news/canada/manitoba ... -1.4732123
Ken V. Moderator: Most things Canadian.
Any time could be train time!
User avatar
Ken V
 
Posts: 886
Joined: Thu Mar 11, 2004 10:14 pm
Location: Toronto, ON

Previous

Return to Canadian Railfan

Who is online

Users browsing this forum: No registered users and 2 guests