Deposit may not cover removal of moorings in Bay of Fundy: N.S. minister [Video]

HALIFAX –

A Nova Scotia cabinet minister says the cost of removing huge moorings abandoned in the harbour entrance of a Bay of Fundy community likely won’t be covered by a deposit left by a bankrupt tidal energy firm.

Natural Resources Minister Tory Rushton told reporters today the $20,000 security deposit from Occurrent Power is “not a lot of money,” and he fears it won’t be enough to carry away the concrete-filled railcars used as anchors.

The railcars with chains attached were left in the staging area near Walton, N.S., after the company declared bankruptcy Aug. 29.

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The province says it is in the process of hiring a company to install buoys to mark the four boxcars that become submerged at high tide, and Rushton has promised they will eventually be removed.

Transport Canadadetermined last month the train …