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Manitoba Government Leases Rail Lines in Costly Deal
Manitoba faces a 69 0000 per year liability as the government leases the Northern Pacific and Canadian Northern rail systems. The contract shifts revenue risk to the province, with guarantees on interest and rental payments, while passenger rates are cut in Manitoba and protections for bonds erode if profits falter. Critics warn the deal bakes in long term debt and weakens state control over rates.
MENTIONED IN THIS ARTICLE
Manitoba
Thie
Pacific Raiway Syst
Dominion
Actun
Als
Wwe
Winnipez
Th naie-Mann Company
Thn
NPLR
Seavant Tran
N. P. Itcreases
CN. R
Port Arthur
Manitob
Guardi
Canadian Northern Railway
Manitba