The Huron Central Railway has been sold providing relief to three businesses along the rail line.
According to the Northern Business Journal, the sale of the short line railroader Genesee & Wyoming to Brookfield Infrastructure and GIC of Singapore has closed.
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 30th.
The line provides services to EACOM in Nairn Centre, Domtar in Espanola and Essar Steel in Sault Ste. Marie.