Manitoba: Negotiations for Hudson Bay Railway sale back on, says owner, which is seeking repair proposals

From The Thompson Citizen; July 11, 2018

Negotiations with a Northern Manitoba ownership group to buy and repair the Hudson Bay Railway (HBR), the northern section of which has been shut down from more than a year, are back on, a week after breaking down, the company said July 10.

“We are pleased to announce that our negotiations with the consortium resumed on Monday, and we are once again in active discussions to finalize the sale of the HBR,” said HBR president Sergio Sabatini in a news release. “We believe that an expeditious transfer of ownership of the line is best for all concerned, and we are making every effort to advance sale discussions. This includes initiating the repair process, so that we are in the best position to complete a transaction.”

Click here to read the full story.

 

Please share with others