Wanna buy a railroad?
EDMUNSTON, N.B. — Canadian Pacific Railway (CPR) is selling a low-density railway spur line in northern New Brunswick.
CPR is offering for sale to the shortline railway market a 12.6-km line, known as the Edmundston Spur, between Grand Falls and Cyr Junction, near St. Leonard, N.B.
Advertisements published by CPR this week in local and national newspapers say interested parties must present themselves in writing by Aug. 6.
CPR announced this railway line was a candidate for discontinuance with the update of its three-year network plan.
The railway must meet certain conditions before it can discontinue service on a line. First, it must offer line discontinuance candidates for sale to the private sector. If there is no interest in the marketplace, the railway must then offer the line to the federal (under certain circumstances), provincial and municipal governments.
Unless expressions of interest in the Edmundston Spur are received by the deadline, and an agreement to purchase is reached within six months of that date, CPR may offer the line for sale at net salvage value to the provincial and adjacent municipal governments.
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