QuickFacts on Lac-Megantic locomotives
The Canadian PressTuesday, July 22, 2014
MONTREAL - Twenty-five locomotives from the fleet of the insolvent Montreal, Maine and Atlantic Railway, the company at the centre of the Lac-Megantic train catastrophe, will be auctioned off Aug. 5.
The lead locomotive, which played a key role in one of Canada's worst-ever rail disasters, is among the engines to be sold off at a Maine rail yard.
— The lead locomotive, known as MMA 5017, is a diesel-electric machine.
— The make and model of MMA 5017 is a General Electric C-30-7.
— The General Electric C-30-7 is a 16-cylinder, 3,000-horsepower locomotive.
— Eleven of the 25 MMA locomotives to be auctioned off are General Electric C-30-7.
— Seven units owned by Rail World Locomotive Leasing, an affiliate of MMA's former parent company, will also be on the auction block. Cash generated by the sale of three of those Rail World engines will also help pay off the bankrupt railway's debts.
— Proceeds from the auction will help MMA pay back its secured creditor, Maine's Bangor Savings Bank.
— The bidding for each locomotive starts at US$10,000.