Chemin de fer de la Matapédia et du Golfe
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The Chemin de fer de la Matapédia et du Golfe (
Owned by the holding company
1998 establishment
The Chemin de fer de la Matapédia et du Golfe was established on 19 January 1998 as a subsidiary of QRC to operate the eastern half of the former
This first incarnation of CFMG had the following spurs and/or connections:
- Matane.
- Moncton.
On 14 February 1999, QRC purchased from CN the Mont Joli Subdivision between
CFMG later obtained running rights over CN approximately 15 mi (24 km) west from
In 2007 QRC sold its Chemin de fer Baie des Chaleurs CBC subsidiary to Société de chemin de fer de la Gaspésie (SCFG) except for a 1 mi (1.6 km) section of the Cascapedia Subdivision east of the wye at Matapédia. Ownership of this section of line and the wye were transferred to CFMG.
2008 infrastructure program
On 1 February 2008,
This announcement was made by
This funding was targeted at improving track and bridge infrastructure to allow CFMG to carry heavier freight railway cars. It was predicted that the investment would lead to additional spin-off investments of $75 million for railway customers which are predominantly focused on wood products, paper, pulp, particle boards, iron or, and aluminum.
2008 sale to CN
On 3 November 2008 CN announced that it was purchasing the New Brunswick East Coast Railway (NBEC) and its sister companies Chemin de fer de la Matapédia et du Golfe (CFMG), Compagnie de gestion de Matane (COGEMA), and the Ottawa Central Railway (OCRR) for $49.8 million (CAD) from the Quebec Railway Corporation.[1]
CN said that it planned to change little in the operations of the acquired lines, although the railroad said it intended to invest capital to upgrade the track it acquired, as well as replacing the locomotives with newer motive power.[1]
References
Railways portal
- ^ a b "CN acquires three rail subsidiaries and ferry operation of Quebec Railway Corp. (QRC) for C$49.8 million". Canadian National Railway. 3 November 2008. Retrieved 9 August 2010.