Doomed rail­road to stay quiet next week

Stanstead Journal - - NEWS - Staff

Mon­treal, Maine and At­lantic Rail­way will shut down its op­er­a­tion next week ac­cord­ing to an or­der from the Cana­dian Trans­porta­tion Agency. “(It) sus­pended the cer­tifi­cate of fit­ness for Mon­treal, Maine & At­lantic Rail­way Ltd (MMA) and its wholly-owned subsi- diary Mon­treal, Maine & At­lantic Canada Co. (MMAC), find­ing that the rail­ways have not demon­strated that their third party li­a­bil­ity in­sur­ance is ad­e­quate for on­go­ing op­er­a­tions.

Given the ex­cep­tional cir­cum­stances of the de­rail­ment in Lac-Mé­gan­tic, the Agency con­tacted MMA and MMAC seek­ing con­fir­ma­tion that they con­tin­ued to hold ad­e­quate third party li­a­bil­ity in­sur­ance cov­er­age with re­spect to any con­tin­u­ing op­er­a­tions as stated in their cer­tifi­cate of fit­ness.

The Agency re­viewed the com­pa­nies’ in­sur­ance cov­er­age and ad­di­tional in­for­ma­tion they provi- ded and it is not sat­is­fied that MMA and MMAC have ad­e­quately re­stored their third party li­a­bil­ity in­sur­ance cov­er­age to the same level as prior to the de­rail­ment at LacMé­gan­tic, nor do they have the fi­nan­cial ca­pac­ity to pay the self-in­sured por­tion.”

Di­rectly im­pacted lo­cally will be the Akzo No­ble plant, in Ma­gog, and the Or­ford Ex­press tourist train. Calls to the lat­ter were re­ferred to An­nie Brunelle who did not an­swer our email ask­ing for clar­i­fi­ca­tion.

The Or­ford Ex­press train on the MMAR track in Sher­brooke.

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