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Northern railway sold

The rail line between Sudbury and Sault Ste. Marie has been sold.

According to the Northern Business Journal, the Huron Central Railway was purchased from Genesee & Wyoming to Brookfield Infrastructure and GIC of Singapore with the deal closing on December 30.

G & W’s Canadian subsidiary, Genesee & Wyoming Canada of Montreal, operates the Huron Central between Sault Ste. Marie and Sudbury, and the Ottawa Valley Railway, which runs between Sudbury, North Bay, and Temiscaming, Quebec.

The US$8.4-billion transaction – first announced last July – had been on hold pending a review by the U.S. Surface Transportation Board, but officially closed on December 30.

The line is vital for moving raw goods and product to Essar Steel in Sault Ste. Marie, Domtar in Espanola and EACOM in Nairn Centre along with moving goods to northern and southern Ontario through the Ontario Northland Railway and Canadian National Railway in North Bay.

*With notes from Rosalind Russell

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