CN sells Quebec rail line for $97M to Agence metropolitaine de transports

MONTREAL – Canadian National Railway Co. (TSX:CNR) said Friday it has sold a 34-kilometre rail line in Quebec that is used mostly by commuter trains for $97 million.

The Agence metropolitaine de transports, which oversees public transportation services in the Montreal area, acquired the line between Deux-Montagnes and Montreal’s Central Station.

CN has retained freight operating rights over a portion of the line where freight customers are located.

CN operates a rail network across North America.