BC Rail (reporting mark BCOL, BCIT), is a railway in the Canadian province of British Columbia. Chartered as a private company in 1912 as the Pacific Great Eastern Railway (PGE), it was acquired by the provincial government in 1918. In 1972 it was renamed to the British Columbia Railway, and in 1984 it took on its present name of BC Rail. From 1978 to 2000, BC Rail was highly profitable, posting profits in every single year throughout that period.

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  • BC Rail (reporting mark BCOL, BCIT), is a railway in the Canadian province of British Columbia. Chartered as a private company in 1912 as the Pacific Great Eastern Railway (PGE), it was acquired by the provincial government in 1918. In 1972 it was renamed to the British Columbia Railway, and in 1984 it took on its present name of BC Rail. Until 2004 it operated as the third largest railway in Canada, providing freight, passenger, and excursion rail services throughout BC on 2,320 km(1,440 mi) of mainline track. It was designated a Class II Railway until 2004, and remains a crown corporation today. It also ran the Royal Hudson services, as well as the Premier's private train. In 2004, the operations (including a vast amount of land, buildings, and all rolling stock) were leased to Canadian National Railway (CN) for an initial period of 60 Years for the price of $550 Million. CN holds the sole right to renew the lease for up to 999 years through a series of options. The Lease also allows for BC Rail to give CN title to any and all of the railway for the nominal price of $1. The lease was made despite the promise of Premier Gordon Campbell to not sell the railway in the preceding election, and was the subject of the biggest political scandal in BC History resulting in the British Columbia Legislature Raids. The BC Liberal Government had been accused of fabricated falsehoods about the state of its debts and viability in order to justify the deal with CN, claiming the railway was in disarray. Canadian Pacific, a rival bidder, privately stated in since-released communications that the bid was "rigged". CN has been one of the BC Liberal Party's biggest donors ever since, contributing over $320,000 to the party as of 2019. In 2010, two BC Liberal Party ministerial aides pleaded guilty to charges of breach of trust and receiving a benefit for leaking information about the BC Rail leasing process, with both being sentenced to two-years less-a-day house arrest and 150 hours of community service. David Basi, one of the aides, was fined an additional $75,600 - the amount he accepted as a bribe - and was also later found to have violated the terms of his house arrest, resulting in an electronic ankle tag being mandated for the remainder of his sentence. BC Rail remains an operating, publicly owned crown corporation today. It retains ownership of the entire rail bed stretching from Prince George to Squamish, as well as ownership of other assets leased to CN. Additionally, BC Rail retains significant real estate investments throughout BC, as well as a 40 km stretch of track from Roberts Bank Superport in Delta to Langley. The planned sale of this 40 km stretch was cancelled after the initial BC Rail Scandal. From 1978 to 2000, BC Rail was highly profitable, posting profits in every single year throughout that period. (en)
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  • BC Rail (reporting mark BCOL, BCIT), is a railway in the Canadian province of British Columbia. Chartered as a private company in 1912 as the Pacific Great Eastern Railway (PGE), it was acquired by the provincial government in 1918. In 1972 it was renamed to the British Columbia Railway, and in 1984 it took on its present name of BC Rail. From 1978 to 2000, BC Rail was highly profitable, posting profits in every single year throughout that period. (en)
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  • BC Rail (en)
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  • BC Rail (en)
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