Daugaard explains his concerns on sale of DM&E railway - KOTA Territory News

Daugaard explains his concerns on sale of DM&E railway

Posted:

Following Canadian Pacific Railway's announcement to sell 660 miles of rail in KOTA Territory last year, South Dakota's governor had concerns.   

Four years after CP purchased a portion of the Dakota, Minnesota & Eastern Railroad track in Wyoming, South Dakota and two other states, Governor Dennis Daugaard wanted to make sure of two things: The potential buyer would continue to operate the line, and CP would hold its promise to invest in $400 million of line upgrades.

After the U.S. Secretaries of Transportation and Agriculture signed a petition by the governor to acquire that information, Daugaard was pleased with the results.   

"I'm optimistic they will operate the line in a way that benefits our state as they have with similar short lines in other parts of the country," said Daugaard.

Genesee and Wyoming Inc. now owns the track, the largest short-line operator in the nation.

Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.