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Alberta government says tank car order imminent

from RailwayAge

In a move that it says will increase demand and pricing for Alberta's tar sands bitumen, the provincial government has affirmed that it will imminently sign orders for two unit-train's worth of oil tank cars. The deal will be signed by year-end, Premier Rachel Notley declared Nov. 28. The carbuilder was not disclosed. Government justification for this first step in the state takeover of crude-by-rail is that constricted transportation of bitumen is driving down its discount to less than 25 percent of benchmark pricing for Texas light, sweet crude. more

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