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Wednesday, March 27, 2013
CP, short line forge pacts with Quebec port to bolster rail system
Canadian Pacific, the Quebec Gatineau Railway (QGRY) and Trois Riviéres Port Authority (TRPA) last month entered into several agreements aimed at optimizing the Quebec port's intermodal system.
An initial three-party agreement forges a commercial partnership that will enable the port to better provide transportation solutions tailored to its customers' needs. The pact establishes strategies and action plans to identify and attract new business opportunities, TRPA officials said in a press release.
The three parties also entered into a second agreement that authorizes TRPA to make all decisions involving development of the port's rail system. The authority had sought to assume ownership of the tracks and right of way owned by QGRY because TRPA officials consider the rail system a strategic asset.
Finally, a third agreement reached between TRPA and QGRY covers maintenance, modifications and expansions of the rail system to ensure it remains efficient and viable. The authority and short line have collectively spent more than $3 million over the years to upgrade the port's rail system.
"This agreement establishes a partnership that will be beneficial for our company and for all of the port users because it refocuses our relationship on efficiency and productivity," said QGRY President Mario Brault.
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