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Railway in Quebec disaster to resume operations

August 23, 2013

MONTREAL (AP) — The railway company whose oil tanker train exploded in a Quebec town last month, killing 47 people, will be able to resume operations after a judge freed up funds so it can buy insurance to obtain its operating license.

Montreal, Maine & Atlantic Railway has been operating under court supervision while the short-haul railway sorts out massive insurance claims arising from the deadly train derailment in Lac-Megantic, Quebec.

Quebec Superior Court Justice Martin Castonguay agreed Friday to unlock US$237,755 (CA$250,000) so the railway can obtain insurance in case of another accident.

The Canadian Transportation Agency said Thursday that the court’s approval would satisfy its requirement to renew the license it temporarily withdrew Aug. 13. The license would allow it MM&A to operate until Oct. 1.

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