More than half of the year ago, it was reported that OmniTrax intended to sell the Hudson Bay Railway and the Port of Churchill in Canada, which it bought in 1997, however, the port is feared to be at risk, Thompson Citizen reports on Wednesday.
According to the edition, the Port of Churchill is often positioned as Canada’s only deepwater Arctic port and the country’s strategic asset. Meanwhile, as a private entity, it is not successful with the reduced number of shipped products compared to the previous shipping season.
The railway and port should be re-nationalized, believes Dan Lett, a contributor to Winnipeg Free Press. He claims that the expectations that “a creative, innovative private owner could make the railway and port profitable” haven’t been justified. Moreover, government had to invest in the facilities to maintain them.
“The port and railway should be publicly owned assets. Perhaps in the hands of an arm’s-length, not-for-profit authority of some sort, or a true public-private partnership”, concluded Dan Lett.