Title

"News" piece on the Bangor & Aroostook Railroad (B & A), which was forced into b

Authors

Lee Burnett

Source

Maine Times

Date

12-13-2001

Pages

7-8

Abstract

"News" piece on the Bangor & Aroostook Railroad (B & A), which was forced into bankruptcy last week. At least two companies are interested in buying the entire B&A system. One is a consortium headed by Railworld, the Chicago-based company that failed to line up financing in time for a negotiated purchase of the system for $62 million, and Genesee & Wyoming, the Connecticut-based company that just acquired the parent company of St. Lawrence & Atlantic, which runs trains northwest from Auburn. John Melrose, the commissioner of transportation, said he will favor the company that has the financial strength to better plan investment in Maine.

Subjects

Bangor and Aroostook Railroad, Railroads

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