The Huron Central Railway has new bosses at the top of the pyramid. The sale of short line railroader Genesee & Wyoming to Brookfield Infrastructure and GIC of Singapore has closed.
G & W’s Canadian subsidiary, Genesee & Wyoming Canada of Montreal, operates the Huron Central between Sault Ste. Marie and Sudbury, and the Ottawa Valley Railway, which runs between Sudbury, North Bay and Temiscaming, Que.
The US$8.4-billion transaction – first announced last July – had been on hold pending a review by the U.S. Surface Transportation Board.
Regulatory approval was finally granted this past fall.
The completion of the sale could have some bearing to as whether Genesee & Wyoming Canada continues to operate the Huron Central.
One shipper told Northern Ontario Business that Genesee & Wyoming’s drop-dead date is early March.
The provincial government has been mum on a commitment to Genesee & Wyoming.