KeRail and Tata Steel enter into long-term agreement
Genesee & Wyoming Inc. and a newly-formed GWI subsidiary, KeRail Inc. have entered into a long-term agreement with Tata Steel Minerals Canada Ltd. for KeRail to provide rail transportation services to the 4.2 million tons per annum direct shipping iron ore mine TSMC is developing near Schefferville, Quebec, Canada, in the Labrador Trough (the Mine). In addition, KeRail will construct an approximately 21-kilometer (13-mile) rail line that will connect TSMC’s mine to the Tshiuetin Rail Transportation interchange point in Schefferville.