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BC Rail writes off 80.6 million for Dease Lake line
BC Rail Ltd announces an $80.6 million extraordinary charge for constructing the Dease Lake northern extension, reflecting no future traffic prospects. The write-off covers 340 kilometres of unfinished track, while southern portions stay on the books due to existing and potential future traffic. The move aligns with accounting practice. dividends on Series A-1 shares remain guaranteed by British Columbia.
MENTIONED IN THIS ARTICLE
BC Rail Ltd
Dease Lake
Paul McElligott
Prince George
British Columbia Railway Company
British Columbia