Opaskwayak Cree Nation Chief Christian Sinclair and Churchill’s Mayor Mike Spence the co-chairs and co-presidents of Missinippi Rails General Partner announced that the inaugural meeting of the board of Missinippi Rail GP took place recently.
Missinippi Rail Limited Partnership represents first nations and communities in Northern Manitoba and shares ownership of Arctic Gateway Group Limited partnership with Fairfax Financial Holdings and AGT Food and Ingredients. Arctic Gateway Group owns the Hudson Bay Railway and The Port of Churchill having acquired the businesses from Omnitrax last summer.
Chief Sinclair stated in a news release that they have shown that an entire region can unite to accept an economic opportunity and challenge to turn the Hudson Bay Rail Line and the port of Churchill into a corridor of prosperity for Northern Canada.
Mayor Spence says the Arctic Gateway Group defied the odds and were able to reopen the rail line last fall starting a new era and a commitment to realizing the full potential of these strategic nation building assets and they have been able to transfer these assets to their ownership group and are ideally positioned for a bright future.