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AROUND THE INDUSTRY |
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Montreal’s AMT Acquires Deux-Montagnes Commuter Rail Line |
The Agence métropolitaine de transport (AMT), the commuter rail provider in Montreal, QC, has acquired the right-of-way on the Deux-Montagnes rail corridor, including infrastructure, tracks, and other railway equipment, in a $92 million (Cdn.) transaction with CN.
“The purchase of the Deux-Montagnes rail corridor will reduce operating costs by eliminating annual leasing fees. The AMT will finally have full autonomy to develop its future projects as it sees fit,” said Nicolas Girard, AMT president and chief executive officer.
More than 7.5 million customers traveled on the electrified Deux-Montagnes line per year, representing nearly half the ridership of the commuter rail network. |
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CLASSIFIEDS |
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