Montreal, Maine & Atlantic Railway announced a tentative deal Tuesday to sell 25 miles of railroad tracks and effectively end a long-running dispute by allowing another shipper access to a Madawaska paper mill. If the Federal Rail Administration and Maine Department of Transportation approve, J.D. Irving subsidiary Eastern Maine Railway will purchase the Madawaska-Van Buren-St. Leonard railroad line for an undisclosed amount.
Twin Rivers Paper Co. executives claimed a year ago that the Madawaska mill’s future was threatened by MM&A’s failure to maintain its railroad tracks and by its missed delivery and pickup deadlines — often forcing the coated and uncoated papermaker to hire trucks on the fly to make shipments — because of miscommunication or an insufficient number of railroad runs.
http://bangordailynews.com/2011/12/06/business/hermon-railroad-announces-deal-to-sell-tracks-to-madawaska-mill/print/
