Nova Scotia agrees to continuing subsidy for RailAmerica line

RELATED TOPICS: SHORT LINES AND REGIONALS
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HALIFAX, N.S. — The Government of Nova Scotia has agreed to continue subsidizing RailAmerica’s Cape Breton & Central Nova Scotia for three more years, CBC News has reported. The company says without continued operating support from the province, the line would become a money-loser and would be abandoned.
 
“This is a demonstration of support for a key piece of infrastructure on Cape Breton Island,” said Nova Scotia Premier Darrell Dexter. “The three-year agreement allows people who are thinking about investing in Cape Breton to have some certainty about their access to rail over that time.”
 
For the life of the agreement, RailAmerica will have access to up to C$2 million to help pay for maintenance costs on the line.
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