Canada Transportation Act
Marginal note:Three-year plan
141 (1) A railway company shall prepare and keep up to date a plan indicating for each of its railway lines whether it intends to continue to operate the line or whether, within the next three years, it intends to take steps to discontinue operating the line.
Marginal note:Public availability of plan
(2) The railway company shall make the plan available for public inspection in offices of the company that it designates for that purpose.
Marginal note:When sale, etc., permitted
(3) A railway company may sell, lease or otherwise transfer its railway lines, or its operating interest in its lines, for continued operation.
Marginal note:Continued operation of a portion of a line
(4) A railway company that sells, leases or otherwise transfers a portion of a grain-dependent branch line listed in Schedule I, or its operating interest in such a portion, to a person who intends to operate the portion shall continue to operate the remaining portion for three years, unless the Minister determines that it is not in the public interest for the company to do so.
- 1996, c. 10, s. 141;
- 2000, c. 16, s. 5.
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