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   mtl.general      Ahh Montreal, home of good strip joints      39,416 messages   

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   Message 38,670 of 39,416   
   Greg Carr to All   
   Quebec seeks $409M from MM&A in =?ISO-88   
   16 Jun 14 13:25:39   
   
   XPost: can.politics   
   From: gregcarrsober@gmail.com   
      
   The Quebec government is adding its name to a list of creditors seeking   
   money from the insolvent railway company at the heart of the   
   Lac-Mégantic train disaster.   
      
   The government said Monday that it is seeking $409 million from the   
   Montreal, Maine & Atlantic Railway for expenses incurred and yet to come   
   that stem from the tragedy.   
      
   The justice ministry said it filed a claim on June 13. In it, the   
   government said it has already spent $126 million in public funds and   
   suggests that future costs relating to the rebuilding of Lac-Mégantic   
   could be in excess of $283 million.   
      
   The government warned the latter amount could change depending on how   
   much is actually spent.   
      
   Forty-seven people were killed after a runaway train hauling tanker cars   
   loaded with volatile crude oil broke loose and careened into the town,   
   derailing and triggering a series of explosions in the early morning   
   hours of July 6.   
      
   A large swath of the community's downtown was destroyed.   
      
   Three employees and the insolvent company itself have been charged   
   criminally in the case.   
      
   Quebec Justice Minister Stéphanie Vallée said in a statement the   
   government is exercising its right to recoup taxpayer money, but it also   
   believes that the first people to be paid in the process should be the   
   citizens of Lac-Mégantic themselves.   
      
   "We must act responsibly and take all legal options available to us to   
   recover the maximum (amount)," Vallée said, adding an agreement with   
   those responsible is the most favourable outcome.   
      
   "If those responsible for the disaster, some of (whom) have very   
   substantial financial resources, proposed an arrangement to creditors,   
   the government could then rely (on it) without penalizing those affected   
   and in the interests of Quebecers who defrayed the costs through their   
   taxes."   
      
   In the event the total funds accessible are the $25 million in insurance   
   money available to the MM&A, the government has already promised those   
   affected in Lac-Mégantic will be the sole beneficiaries, Vallée said.   
      
   © The Canadian Press, 2014   
      
   http://www.cbc.ca/news/canada/montreal/quebec-seeks-409m-from-mm   
   a-in-lac-m%C3%A9gantic-rail-disaster-1.2677344   
   --   
   *Read and obey the Bible*   
      
   --- SoupGate-Win32 v1.05   
    * Origin: you cannot sedate... all the things you hate (1:229/2)   

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