Decision No. 567-R-1998

November 24, 1998

November 24, 1998

APPLICATION by St. Lawrence & Atlantic Railroad (Québec) Inc. pursuant to section 91 of the Canada Transportation Act, S.C., 1996, c. 10, for a certificate of fitness to operate a line of railway between Norton, Vermont, United States of America and Sainte-Rosalie, Quebec, Canada.

File No. R 8005/S3


St. Lawrence & Atlantic Railroad (Québec) Inc. has applied to the Canadian Transportation Agency (hereinafter the Agency) for the certificate set out in the title. The application was received on October 13, 1998.

The Agency has reviewed the material filed and is satisfied that there will be adequate third party liability insurance coverage for the proposed operation of the line of railway. The Agency's review of St. Lawrence & Atlantic Railroad (Québec) Inc.'s financial capability to self-insure for the amount of the self-insured retention was based on Emons Transportation Group, Inc.'s consolidated financial statements and the indemnity agreement with its parent company, Emons Transportation Group, Inc., in respect of the amount of self-insurance.

Accordingly, the Agency, pursuant to subsection 92(1) of the Canada Transportation Act, will issue a certificate of fitness to St. Lawrence & Atlantic Railroad (Québec) Inc. which will permit it to operate a line of railway between Norton, Vermont, United States of America and Sainte-Rosalie, Quebec, Canada.

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