There are no upcoming events right now.
Why not post one?
Recent Articles
- Justice for Indigenous Peoples is Long Overdueby Ryan McGreal, published June 30, 2021 in Commentary
(0 comments)
- Third-Party Election Advertising Ban About Silencing Workersby Chantal Mancini, published June 29, 2021 in Politics
(0 comments)
- Did Doug Ford Test the 'Great Barrington Declaration' on Ontarians?by Ryan McGreal, published June 29, 2021 in Special Report: COVID-19
(1 comment)
- An Update on Raise the Hammerby Ryan McGreal, published June 28, 2021 in Site Notes
(0 comments)
- Nestlé Selling North American Water Bottling to an Private Equity Firmby Doreen Nicoll, published February 23, 2021 in Healing Gaia
(0 comments)
- Jolley Old Sam Lawrenceby Sean Burak, published February 19, 2021 in Special Report: Cycling
(0 comments)
- Right-Wing Extremism is a Driving Force in Modern Conservatismby Ryan McGreal, published February 18, 2021 in Special Report: Extremism
(0 comments)
- Municipalities Need to Unite against Ford's Firehose of Land Use Changesby Michelle Silverton, published February 16, 2021 in Special Report
(0 comments)
- Challenging Doug Ford's Pandemic Narrativeby Ryan McGreal, published January 25, 2021 in Special Report: COVID-19
(1 comment)
- The Year 2020 Has Been a Wakeup Callby Michael Nabert, published December 31, 2020 in Special Report: COVID-19
(0 comments)
- The COVID-19 Marshmallow Experimentby Ryan McGreal, published December 22, 2020 in Special Report: COVID-19
(0 comments)
- All I Want for Christmas, 2020by Kevin Somers, published December 21, 2020 in Entertainment and Sports
(1 comment)
- Hamilton Shelters Remarkably COVID-19 Free Thanks to Innovative Testing Programby Jason Allen, published December 21, 2020 in Special Report: COVID-19
(0 comments)
- Province Rams Through Glass Factory in Stratfordby Doreen Nicoll, published December 21, 2020 in Healing Gaia
(0 comments)
- We Can Prevent Traffic Deaths if We Make Safety a Real Priorityby Ryan McGreal, published December 08, 2020 in Special Report: Walkable Streets
(5 comments)
- These Aren't 'Accidents', These Are Resultsby Tom Flood, published December 04, 2020 in Special Report: Walkable Streets
(1 comment)
- Conservation Conundrumby Paul Weinberg, published December 04, 2020 in Special Report
(0 comments)
- Defund Police Protest Threatens Fragile Ruling Classby Cameron Kroetsch, published December 03, 2020 in Special Report: Anti-Racism
(2 comments)
- Measuring the Potential of Biogas to Reduce GHG Emissionsby John Loukidelis and Thomas Cassidy, published November 23, 2020 in Special Report: Climate Change
(0 comments)
- Ontario Squanders Early Pandemic Sacrificeby Ryan McGreal, published November 18, 2020 in Special Report: COVID-19
(0 comments)
Article Archives
Blog Archives
Site Tools
Feeds
By Fred Street (anonymous) | Posted April 04, 2012 at 10:59:57 in reply to Comment 75681
TORONTO - The Ontario government's Metrolinx is paying $310.5 million to buy two segments of railway line in the Toronto area from Canadian National Railway (TSX:CNR).
The rails are principally used to carry GO Transit passenger trains, which are part of a provincially owned regional transportation system that runs through heavily populated areas in and around Canada's most populous city.
Under a strategic plan announced in December 2008, Metrolinx has been buying up various segments of track in the areas it serves — with the goal of improving service to current and future commuters.
The latest purchases mean its GO Transit subsidiary owns 65 per cent of the rail corridors that it uses, Metrolinx spokesman Malon Edwards said Tuesday..
He added that other users of the infrastructure will continue to use the track but pay access fees to GO rather than to Canadian National.
"By purchasing these segments of track, GO Transit switches its role from tenant to landlord. So instead of paying access fees on these segments of track, we now collect access fees from the transportation agencies using the rail corridor we own," Edwards said.
In total, the deal announced Tuesday by CN involves about 40 kilometres of track.
The Montreal-based railway will continue to have rights to run freight trains over the track, as will passenger rail services operated by Via, Ontario Northland and Amtrak.
One of the two lines in Tuesday's announcement runs between the Etobicoke area of Toronto and a point in Oakville, Ont., just west of Fourth Line — part of GO's Lakeshore West train service that runs from downtown Toronto at Union Station to Hamilton.
The other line which runs from downtown Toronto near Rosedale Valley Road through the Don Valley to the northern edge of the city at Steeles Avenue where it connects with an east-west freight corridor owned by Canadian National.
"We are pleased to transfer ownership of these important commuter rail lines to Metrolinx to further its future service objectives, while protecting CN's operating rights to ensure continued service to its freight customers," Luc John, CN executive vice-president and chief financial officer, said in a statement.
http://www.winnipegfreepress.com/business/canadian-national-selling-two-rail-segments-to-metrolinx-for-3105-million-144421165.html
Permalink | Context