CP Says It Has Met Obligations From DM&E Purchase
by Associated Press
August 29, 2013 2:39 PM
Canadian Pacific Railway Ltd. says it has met its obligations from the 2007 purchase of the Dakota, Minnesota & Eastern Railroad.
Gov. 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&E line west of Tracy, Minn.
CP spokesman Ed Greenberg says the company sent a comprehensive response to the Surface Transportation Board that the railroad not only met its obligations but made improvements to further enhance safety and efficiency.
Greenberg says the railroad between 2008 and 2013 invested more than $400 million in the track.
CP announced in December it was looking into the possibility of selling 660 miles of track in South Dakota, Minnesota, Wyoming and Nebraska.