Nova Scotia re-ups subsidy for RailAmerica short line

RELATED TOPICS: SHORT LINES AND REGIONALS
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SYDNEY, N.S. — The Nova Scotia government has extended a $3.5 million subsidy to RailAmerica’s Cape Breton & Central Nova Scotia short line to ensure continued service, CBC News has reported. The subsidy is retroactive to March 30, and expires next fall.

The subsidy is necessary because of inadequate carloads. Percy Paris, the province’s minister of economic and rural development, said a working group will look at whether to extend the subsidy another year.

The province says the rail line would need to move 10,000 cars annually to break even, but last year it transported only 1,500 cars. The line serves remote parts of Nova Scotia.
SYDNEY, N.S. — The Nova Scotia government has extended a $3.5 million subsidy to RailAmerica’s Cape Breton & Central Nova Scotia short line to ensure continued service, CBC News has reported. The subsidy is retroactive to March 30, and expires next fall.

The subsidy is necessary because of inadequate carloads. Percy Paris, the province’s minister of economic and rural development, said a working group will look at whether to extend the subsidy another year.

The province says the rail line would need to move 10,000 cars annually to break even, but last year it transported only 1,500 cars. The line serves remote parts of Nova Scotia.
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