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Rail News: Rail Industry Trends

Vermont set to purchase line from former Bangor & Aroostook

The state of Vermont recently filed a notice of exemption with Surface Transportation Board to acquire from the former Bangor & Aroostook Railroad System (B&A) certain assets of Newport and Richford Railroad Co., Northern Vermont Railroad Co. Inc. and Canadian American Railroad Co.

The transaction includes right of way, trackage and other physical assets of a 61.5-mile Newbury-to-Newport, Vt., line.

The state recently finalized a contract with Washington County Railroad Co. to provide service on the line.

The assets are all that remain of B&A. Most of the company's assets (including the three short lines) were purchased by a Rail World Inc.-led investment and management consortium, which created Montreal, Maine & Atlantic Corp. (MM&A) to operate the lines. MM&A began operating Jan. 9.

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More News from 1/20/2003