Station naming deals announced
Runaway Rail Car Kicked Loose by Teen Hits New York Station
Škoda unveils its second tram for the Chinese market
Wabtec to buy Faiveley Transport for US$1·8bn
Constantine tram extension contract
Channel Tunnel: '2,000 migrants' tried to enter
Ottawa urban rail gets federal funding
UK and Italian operators order Vossloh locomotives
First Great Western and Eversholt sign Hitachi AT300 train contract
Tanzania, Rwanda and Burundi invite interest in DIKKM railway
A new liability and compensation regime under the Safe & Accountable Rail Act comes into force on June 18, designed to ensure that in the event of a rail accident sufficient resources will be available to adequately compensate potential victims and pay for clean-up costs.
Federally-regulated railways will be required to carry a mandatory minimum level of insurance in order to maintain a Certificate of Fitness to operate from the Canadian Transportation Agency. The level of insurance required will be based on the type and volume of dangerous goods carried, ranging from C$25m to C$1bn. Two middle levels, C$100m and C$250m, are to be phased-in by June 18 2017 to provide short line operators with additional time to adjust.
The new regime also establishes a Fund for Railway Accidents Involving Designated Goods. Shippers of crude oil on federally-regulated railways will be required to contribute an inflation-linked levy of C$1·67 per tonne towards this supplementary compensation fund, which would pay costs associated with accidents involving crude oil which are above the mandatory insurance level.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2019 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.