“Having visited many communities along the rail line, it became clear to me that the rail line served as a utility for these remote communities and that for the line and the assets to truly succeed, First Nation participation in ownership and management was essential,” said Merv Tweed, president OmniTRAX Canada.
This transaction will add to the already substantial economic development of the participating Northern Manitoban First Nations as well as maintain vital interconnectivity for all of the communities currently being serviced along the line. It adds a further boost to the enhancement of the railway and port as a major transportation infrastructure for the Northern region of Canada, enabling increased regional, continental and global trade opportunities.
OmniTRAX Canada has agreed to work with the Northern Manitoba First Nations for a number of years ensuring a smooth transition and detailed knowledge transfer.
The Federal and Provincial Government will be approached to participate in the process to support the purchaser and ensure the success of this historic transaction.
Further specifics of the group and the transaction will follow in the New Year.