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Quebec court unlocks funds for insurance to keep MM&A operating for several weeks

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Workers stand before mangled tanker cars at the crash site of a train derailment and fire in Lac-Megantic, Quebec, in this Tuesday, July 16, 2013 photo. THE CANADIAN PRESS/Ryan Remiorz

MONTREAL – A Quebec judge has unlocked $250,000 so that Montreal, Maine and Atlantic Railway can buy insurance required to obtain an operating licence.

MM&A has been operating under court supervision while the short-haul railway sorts out massive claims arising from the deadly Lac-Megantic train derailment.

The decision by a Quebec Superior Court judge paves the way for MM&A to regain the licence that was temporarily removed Aug. 13.

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