The owner of the rail line connecting Churchill to the rest of the province says that a deal to sell the damaged line is imminent. 

The announcement was made earlier this week, when lawyers representing the Denver-based corporation said that negotiations are at the point where “both sides’ present expectation is that the share purchase will be completed shortly”.  

OmniTrax did not say who the potential new owner is, and it is the next in an ever-growing list of deals for the property that have been announced.  

The potential deal would include all of Hudson Bay Railway’s assets in Manitoba, which includes a rail yard in The Pas in addition to the rail line, fuel tank farm and port in Churchill. 

OmniTrax, the parent company of HBR, says that it would cost between $40M-$60M to get the rail line in operating condition. Amid growing pressure from the Manitoba NDP, the corporation says they cannot afford the repairs.