Repost from The Montreal Gazette
Lac-Mégantic property owners receive compensation instalment from QuebecPresse Canadienne, November 24, 2014
The provincial government announced Monday that the first instalment of money set aside to compensate owners of buildings destroyed in the explosion and fire in Lac Mégantic has been transferred.
A total of $1.8 million has been sent to the town. A notary will disburse the funds to nine owners. Others will be paid later.
On July 6, 2013, a train belonging to the Montreal, Maine & Atlantic Railway loaded with crude oil rolled unmanned into Lac Mégantic and derailed, causing explosions and fireballs.
This is just the first phase of the payout scheme. Other property owners will be getting cheques totalling $8 million before the end of the year.
In total, the government has earmarked $60 million for the reconstruction and relaunch of the town after the devastating fire that killed 47 people and decimated the downtown area.
Of that $60 million, a maximum of $37 million has been set aside to compensate people whose properties were damaged.