In December 2000, the Ontario government announced that it would be privatizing the railway. CN submitted a bid in March 2002, and in October the government gave it exclusive rights to negotiate a purchase of the railway. However, the deal fell through on July 2, 2003, over the government's insistence on job guarantees, and the railway remained in public hands. On February 25, 2005, CN and ONR signed a routing agreement in which ONR would transport CN's freight traffic between Noranda and either Hearst or North Bay.