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This enactment reforms and modernizes transportation regulation
formerly established by the National Transportation Act, 1987 and the
Railway Act. The key components of the enactment include:
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- a more commercially oriented process for railway companies to
sell or lease surplus rail lines to new operators, rather than
discontinue service;
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- continued protections for shippers using railways that would
ensure adequate levels of service at competitive prices;
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- further deregulation of the domestic air sector by removing the
residual regulation in the north;
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- the exclusion of regulation from the following sectors:
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- motor vehicle transport,
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- northern marine resupply services,
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- commodity pipelines, and
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- mergers and acquisitions;
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- a clearer delineation of the role and powers of government and
the regulatory body, renamed the Canadian Transportation
Agency;
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- the removal of unnecessary or duplicative regulatory provisions
and processes;
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- a shift toward greater reliance on general business laws, such as
the Canada Business Corporations Act and the Competition Act;
and
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- the overall simplification of the legislative framework and the
removal of outdated provisions of the Railway Act.
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