Breathing room for railway involved in Lac-Megantic disaster
Montreal Maine & Atlantic Railway can operate in Canada for a little while longer.
The Canadian Transportation Agency revoked its fitness certificate this week, saying it could no longer operate in Canada beginning August. 20th.
According to the agency, the railway lacked third-party liability insurance, or the money to pay for the self-insured portion.
You need both to operate in Canada.
The railway will be allowed to operate until Oct. 1st provided it can clearly show by later this month it can pay insurance premiums.
If it can't, says the agency, its permit will be taken away.
A statement issued by the agency says the latest decision was made after the company provided new information.
One of the company's trains filled with oil derailed in Lac-Megantic last month killing 47 people.
Photo credit: CTVNews.ca