Locomotive involved in Lac Megantic disaster to hit auction block

MONTREAL - The lead engine on the runaway train that derailed and exploded last summer in Lac Megantic, killing 47 people, is on the auction block.

The locomotive is scheduled to be sold August 5th -- about a month after the first anniversary of the tragedy.

The auction will take place at the Derby Rail yard in Milo, Maine, about 250 kilometres east of Lac-Megantic.

The opening bid for the engine is set at just over 10-thousand dollars.
Auctioneer Adam Jokisch says he expects more spectators than usual when he opens the bidding for the unique locomotive.

The engine led a string of five locomotives at the front of the train, which decoupled and came to a stop far enough away from the crash site to avoid damage.

In all, 25 locomotives from the fleet of the now-bankrupt Montreal, Maine & Atlantic Railway, will be featured at the auction.

Cash generated by the auction will help pay back the money owed to M-M-A's secured creditor, the Maine-based Bangor Savings Bank.

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