An agreement in principle has been reached between Missinippi Rail Partners and Fairfax Financial Holdings and OmniTRAX Inc. to restore rail service to northern Manitoba and transfer ownership of the Port of Churchill.
The government of Canada released news of the agreement late Wednesday and said the "historic arrangement.... provides the people of northern Manitoba with the opportunity to control their future." The government also noted that 30 First Nations and 11 non-First Nations communities in northern Manitoba, as well as seven Kivalliq communities in western Nunavut were active participants in the agreement.
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