CN sells part of Ontario line to Metrolinx

Metrolinx has purchased a segment of a CN rail line that will be used by GO Transit commuter trains in Georgetown-Kitchener, Ontario, an area west of Toronto, CN announced yesterday. The purchase price was $76 million (in Canadian dollars).

Metrolinx is acquiring the segment of CN's Guelph Subdivision that runs from a point west of Main Street in Georgetown to a location near Park Street in Kitchener, according to a CN press release. The Class I will retain freight operating rights over the segment.

A Metrolinx division, GO Transit is Ontario's inter-regional public transit system linking Toronto and its surrounding regions.