The province of Nova Scotia and the Cape Breton and Central Nova Scotia Railway Ltd. have signed a one-year agreement to preserve rail infrastructure between St. Peter's Junction and Sydney.
The company will not apply to abandon a portion of the rail line and the province will reimburse valid expenses up to CA$60,000 (US$48,550) a month. Repairs or improvements of the rail line will not be reimbursed, but expenses directly attributed to the line such as salaries, insurance, security and building maintenance will be covered under the agreement.
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