Arctic Gateway Group

Arctic Gateway Group LP is a public-private partnership formed to own and operate the Port of Churchill and the Hudson Bay Railway, which connects The Pas to Churchill, Manitoba.[1][2][3] The fifty percent public share of the partnership is Missinippi Rail LP, a consortium of northern Manitoba First Nations and local governments, with the private share split between Toronto-based Fairfax Financial Holdings and Regina-based grains company AGT Food and Ingredients.[4][5] The partnership operates from offices in The Pas and Regina.[6]

Arctic Gateway Group LP
TypeLimited partnership
Headquarters
Area served
Northern Region, Manitoba
Owners
Divisions
Websitearcticgateway.com

Operations

On November 19, 2018, Murad Al-Katib, CEO of AGT Food and Ingredients announced that freight service along the HBR had begun and that passenger service was expected to begin by the end of November.[5] The first Via Rail passenger train service along the repaired HBR line arrived on December 4, 2018.[7]

While grain had traditionally been the major cargo shipped from the port, AGT CEO Al-Katib said the partnership would look into shipping potash, ore and petroleum products.[8] Al-Katib also said one possible revenue source could be foreign eco-tourists.[8]

References
  1. "Railway to Churchill, Man., sold — repairs to begin 'immediately'". CBC News. 2018-08-31. Retrieved 2018-11-01. The railway and the Port of Churchill have been purchased from Denver-based Omnitrax Inc. by Arctic Gateway Group Limited Partnership, a private-public partnership that includes Missinippi Rail Limited Partnership, Fairfax Financial Holdings and AGT Limited Partnership.
  2. Sean Kavanagh (2018-09-14). "Feds to spend $117M for Churchill railway sale, repairs". CBC News. Retrieved 2018-11-01. Of the announced funding, $74 million will be spent over the next three years to help cover the costs of buying and repairing the line and the port. The remaining $43 million will be spent over 10 years to pay for operations and to enhance the commercial viability of the line, the port and the tank farm.
  3. Cameron MacIntosh (2018-11-01). "Churchill residents rejoice as rail service gets back on track". CBC News. Retrieved 2018-11-01. Prime Minister Justin Trudeau made the announcement at the Port of Churchill this morning, as hundreds of residents gathered for a street party to celebrate the arrival last night of the first train into Churchill in 18 months.
  4. "New Owners for Hudson Bay Rail Line". Western Economic Diversification Canada. Government of Canada. 14 September 2018. Retrieved 26 July 2019.
  5. Aidan Geary (2018-11-19). "Freight services back between Churchill and Thompson, Man". CBC News. Retrieved 2018-11-20. Arctic Gateway Group is a coalition of local rail-line communities, area First Nations, Saskatchewan grain and pulse trader AGT Food and Ingredients and Toronto holding company Fairfax Financial.
  6. "Contact". Arctic Gateway Group. Retrieved 7 February 2020.
  7. Darbyson, Kyle (December 5, 2018). "Passenger rail service finally returns to Churchill, heralds new tourism and research opportunities". Thompson Citizen. Retrieved August 4, 2019.
  8. Erin Brohman (2018-09-05). "Warm reception in Churchill for new owners of port and railway". CBC News. Retrieved 2018-11-01. Phase two applies to their long-term plans for the port and rail line, he said, as the consortium, with 50 per cent ownership by AGT and Fairfax, and 50 per cent by the communities, signed a 99-year management agreement.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.