A private company has walked away from the negotiation table only weeks after going public with their interest in taking over the flood-damaged Hudson Bay rail line and port of Churchill in northern Manitoba. Fairfax Financial announced last November that it had partnered with One North, another group of First Nations and communities located along the rail line. Churchill has been without its lone rail line since May 2017 after spring snow melts and floods washed away large sections of the track. Missinippi Rail signed a memorandum of understanding with Omnitrax last spring to acquire the rail and assets for $20 million. "We continue our work toward a successful negotiation that will see a transfer of ownership conclude with the rail line repaired and rail service restored," said Churchill Mayor Mike Spence in an email.

Source: CBC News May 22, 2018 16:26 UTC