MONTREAL – The company at the centre of the train derailment that killed 47 people and destroyed part of Lac-Megantic, Que., last July, is reportedly getting a new name.
The Bangor Daily News said Friday the Montreal, Maine and Atlantic Railway will become known as the Central Maine and Quebec Railway when its sale is finalized.
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It is being sold to Railroad Acquisition Holdings, an affiliate of New York-based Fortress Investment Group.
A consultant working with Fortress on the railway purchase confirmed the new name to the newspaper in an email.
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John Giles said it was chosen because it “has a nice ring to it” and reflects the community it serves.
Fortress was the winning bidder in an auction last month of the railway, which filed for bankrupcy in the U.S. a month after the Lac-Megantic disaster.
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