HALIFAX — The Nova Scotia government has bought a further one-year reprieve for a money-losing section of railway in Cape Breton, paying $720,000 in a deal that will help keep the tracks from being ripped up by the line’s U.S.-based owner.
Business Nova Scotia Minister Geoff MacLellan said Friday the one-year “preservation agreement” would cover expenses on the line formerly operated by the Cape Breton and Central Nova Scotia Railway.
MacLellan said parent company Genesee and Wyoming has agreed not to apply to abandon a portion of the rail line between St. Peter’s Junction and Sydney, while the government will cover the railway’s valid expenses at a cost of $60,000 a month.
Read full story here: Taxpayer Deal Saves Cape Breton Rail Line For At Least One More Year | CTV Atlantic News
