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The Canadian Transportation Agency (CTA) yesterday granted a certificate of fitness to the Central Maine & Quebec Railway (CMQR) after determining it had adequate liability insurance. The certificate will enable the railroad to begin operating in Quebec, Canada.The railroad expects to close a transaction on Monday to assume operations of the former Montreal, Maine & Atlantic Railway (Canada) Inc., then immediately take over operations of the Quebec lines after the closing, said CMQR Chief Executive Officer John Giles in an email.The sale of Montreal, Maine & Atlantic's Canadian operations to a Fortress Investment Group subsidiary — CMQR's owner — was pending upon CTA's approval of the fitness certificate. In May, the Fortress subsidiary acquired Montreal, Maine & Atlantic's U.S. operations and CMQR began operating lines in portions of Maine and Vermont.
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