March 28, 2012

CN sells rail line segments to Canada's Metrolinx

The Canadian National Railway Co. (CN) announced the sale of two rail line segments in the Greater Toronto Area to Metrolinx for approximately $310 million.

GO Transit's Richmond Hill commuter rail service operates over a portion of CN's Bala Subdivision. Metrolinx is acquiring a segment of the subdivision as well as a segment of CN's Oakville Subdivision.

GO Transit, a division of Metrolinx, is Ontario's inter-regional public transit system linking Toronto with the surrounding regions of the Greater Toronto and Hamilton Area. GO carries more than 57 million passengers a year in an extensive network of train and bus services.

 

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