Canadian Pacific Plans to Purchase Dakota, Minnesota & Eastern Railroad

Canadian Pacific Plans to Purchase Dakota, Minnesota & Eastern Railroad
September 6, 2007 7:59 am

Canadian Pacific Railway plans to purchase Dakota, Minnesota & Eastern Railroad for $1.48bn.

Dakota, Minnesota & Eastern is the largest regional rail line in the United States.
Canadian Pacific says the cost of the purchase could rise by up to $1bn, depending on construction costs for a project in Wyoming and future payments related to coal deliveries.
The deal, which is subject to approval by the US Surface Transportation Board, is expected to be completed within two months. is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.

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