The railroad that operated the train involved in a massive explosion last summer in Lac-Megantic, Quebec, will get a new name along with a new owner.
Railroad Acquisition Holdings said the former Montreal, Maine and Atlantic Railway will be known as the Central Maine and Quebec Railway once its purchase of the railroad is complete, probably by the end of March.
Railroad Acquisitions is a subsidiary of Fortress Investment Group, which is in the process of purchasing the railroad out of bankruptcy.
The MM&A filed for bankruptcy about a month after the July explosion, which occurred when a driverless train carrying mostly crude oil rolled down a hill into downtown Lac-Megantic, derailed and exploded, killing 47 people and destroying or damaging dozens of buildings.
Edward D. Murphy can be contacted at 791-6465 or at:
emurphy@pressherald.com
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