Feds to pay 50% of Lac-Megantic bill

The site of the train wreck in Lac-Megantic. (QMI Agency files)

The site of the train wreck in Lac-Megantic. (QMI Agency files)

QMI Agency

, Last Updated: 9:44 AM ET

The federal government has signed an agreement with Quebec to pay half of the bill for costs associated with the Lac-Megantic train derailment, QMI Agency has learned.

The agreement between the feds and the province has no limit, but at last count, costs were said to be around $400 million, TVA reported.

A 72-tanker train derailed and exploded in the centre of Lac-Megantic on July 6, killing 47 people.

It was Canada's deadliest railway blast, affecting a 1.5-square kilometre area of the lakeside town near the Maine border.

The Transportation Safety Board found the tank cars carrying crude oil were mislabelled and were more flammable than originally thought.


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