DM & E Obligations



Canadian Pacific Railway Limited says it has met its obligations from the 2007 purchase of the Dakota, Minnesota and Eastern Railroad.
 
South Dakota Governor Dennis Daugaard earlier asked the federal Surface Transportation Board to look into whether CP has lived up to its promises as it seeks a buyer for the former DM and E line west of Tracy, Minnesota.

CP spokesman Ed Greenberg says the company told the STB that it not only met its $300 million obligations but made an additional $100 million in improvements to enhance safety and efficiency.

But Matt Konenkamp in the governor's office says CP is counting money from other projects that didn't help the DM and E track.

CP announced in December it was looking into selling 660 miles of track in South Dakota, Minnesota, Wyoming and Nebraska.....
      
       

Filed Under :  
Locations : MinnesotaNebraskaSouth DakotaTracyWyoming
People : Dennis DaugaardEd GreenbergMatt Konenkamp
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