By CBC News;
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.
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