Quebec makes first compensation payment to Lac-Megantic building owners

CTV Montreal: Lac-Megantic rebuilding, greenly The Canada Green Building Council offers a financial incentive to developers to rebuild Lac-Megantic downtown core. Maya Johnson reports.

MONTREAL -- The Quebec government has announced its first payment to business owners affected by the July 2013 train derailment and explosion in Lac-Megantic, which killed 47 people.

Quebec's municipal affairs minister says compensation totalling $1.8 million will be made to the owners of nine buildings.

The payment will be made to the town and a designated notary who will contact the owners and pass on the financial aid.

The province says other building owners will receive compensation totalling about $8 million between now and Dec. 31.

Additional payments will be made in 2015.

The payouts are part of a $60-million sum for the reconstruction and revival of Lac-Megantic after a runaway train carrying volatile crude oil slammed into the Quebec town and exploded, destroying much of the downtown core.

Of the total amount, $37 million has been set aside to compensate building owners.