SAINT JOHN, NB – APRIL 23, 2012 – With a pending closure of the deal on the Montreal, Maine & Atlantic Railway’s Madawaska Subdivision, the acquisition of 28.75 miles of former Bangor & Aroostook Railroad trackage between Madawaska, Maine and mile 194.1 of CN’s Napadogan Subdivision at St. Leonard, New Brunswick.
The consummation of the trackage in the United States is expected to occur within the next month and includes specifically the remainder of the MMA’s Madawaska Subdivision (State of Maine owned and operated by the Eastern Maine Railway as Maine Northern Railway) from mile 260 to mile 264.13, as well as the Van Buren Subdivision from mile 0.0 to mile 23.69, and the 0.93 miles of the Van Buren Bridge Co. trackage into St. Leonard, NB.
Parent NBSR has seen an overnight expansion with the appointment as designated operator for the State of Maine trackage previously owned by the MMA and with the crude oil boom that is swirling in Saint John, NB. NBSR has been short-term leasing motive power from Pan Am Railways and Rail World Inc. (CDAC F40 450) while it awaits delivery of at least five more units. The operator has standardized on EMD equipment and now has a quartet of SD40-2s on hand from HLCX – two painted into the NBSR colors and the other pair – HLCX 6315 and 8144 still in HLCX colors. Additionally, a trio of GMTX GP38-2s is due on the property later this week, including the GMTX 2639, 2645 and 2666, as well as a pair of former Alaska Railroad MP15s, now GMTX 203 and 204.
Plans are in place to assign more GP38-2s to the Maine Northern operations and to use the pair of MP15s for Saint John switching. All of the units are expected to receive the distinctive green paint of parent NBSR.