The Canadian National Railway (CN) has sold two rail line segments in the GTA to Metrolinx, the provincial agency overseeing GO Transit, for $310.5 million.
Metrolinx has acquired a segment of CN’s Bala Subdivision from approximately Rosedale Valley Road north through Don Valley to CN’s main east-west freight line north of Steeles Avenue near the Toronto-York Region border.
It has also bought a segment of CN’s Oakville Subdivision, from a point near 30th Street in Etobicoke to west of the Fourth Line in Oakville.
GO Transit carries over 57 million passengers a year in Ontario’s inter-regional public transit system that links Toronto with the surrounding regions of the GTA and Hamilton.
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