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Manitoba Gives $615,000 to BTRC

WINNIPEG - May 6/09 - SNS -- Manitoba is giving the Boundary Trails Railway Company (BTRC) CDN $615,000 to establish a short line freight railway between Manitou and Morden.

Provincial agriculture minister Rosann Wowchuk said, "Maintaining this short-line railway will help support shipments of grain and other commodities in the area. In addition, short-line railways help reduce greenhouse gases and help reduce infrastructure costs by reducing road and highway traffic, as grain destined for producer cars needs only to be trucked to the local short line, as opposed to longer hauls to mainline elevators."

The total purchase price for the entire line from Manitou to just east of Killarney, a distance of about 140 kilometres, has been funded through producer-raised equity and private loans. BTRC intends to operate the track running between Manitou and Morden and salvage the portion of line from Killarney to Manitou, said the minister.

She noted the funding announced today is in the form of a forgivable loan, but with the condition that BTRC repay all provincial funding if the railway is sold in whole or in part.

BTRC was formed in June 2008 by a consortium of producers, community and business leaders in the Manitou region.

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