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| | Government of Canada and Farmer Rail Car Coalition reach agreement-in-principle for hopper car transfer : ArriveNet ... (Site not responding. Last check: 2007-10-13) |
 | | "This agreement in principle is a tribute to the hard work of Canadian farmers," said Reg Alcock, President of the Treasury Board and Minister responsible for the Canadian Wheat Board. |
 | | These principles were aimed at encouraging system efficiency, competition, commercial discipline and accountability, minimizing risk of trade challenges, optimizing value for taxpayers, reducing the financial impact on western producers, and ensuring an orderly transition. |
 | | - The transfer price will be $205 million, consisting of $65 million in lease payments during the five year lease term, a credit for $35 million in refurbishment work on the cars to be undertaken by the FRCC during the lease period, and a final payment of $105 million over a further eight-year period. |
| press.arrivenet.com /business/article.php/724099.html (1172 words) |
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