Ottawa say Fairfax Financial Holdings interested in broken Churchill rail line
OTTAWA — The federal government says a Toronto-based holding company is interested in becoming a new partner in a possible deal for a takeover of the broken rail line that runs to Churchill in northern Manitoba.
Natural Resources Minister Jim Carr says Fairfax Financial Holdings Inc. has expressed interest in the Hudson Bay Rail line, the Port of Churchill and other associated assets.
Carr says Fairfax is considering partnering with Missinippi Rail and One North to acquire the line from Omnitrax.
Severe flooding damaged the rail line last spring, cutting the only land link to Churchill, a town of 900 on the west coast of Hudson Bay.