The Government of Canada is fully committed to the bypass project and the entire route that has been identified to permanently get trains out of downtown Lac-Mégantic. This is an important project for the community, the Government of Canada, and the families of the 47 victims of the tragedy. The Government of Canada is working with the Government of Quebec, the Town of Lac-Mégantic, and the municipalities of Frontenac and Nantes to complete this project that will benefit the community.

The Minister of Transport, the Honourable Omar Alghabra, announced that an agreement-in-principle has been reached between the Government of Canada and the Town of Lac-Mégantic for the acquisition of parcels of land owned by the Town, which are required for the construction of the Lac-Mégantic bypass.

This agreement in principle will allow both parties to prepare the deed of sale.

The Government of Canada had confirmed on May 11, 2018, that it would fund 60% of the construction costs of the Lac-Mégantic bypass, estimated at $133 million at the time. The Government of Quebec has confirmed that it will fund 40% of this amount. The project will be managed by Canadian Pacific Railway (CP), which acquired the Central Maine & Quebec Railway (CMQR) in December 2019. CP will also own the bypass.

via Press Release