Canadian Pacific Railway is allegedly taking part in the privatization of Estonian Railway at the moment. The decision will be called out today, and local media is speculating that RailEstonia (which claims to represent CPR) is the preferred bidder. CPR might own 200 miles of railtrack right next to unstable Russia and end up investing about 350 million USD in the project. This is interesting, does anyone else feel that it's pretty strange as well, especially with these allegations regarding CPR's possible sale?
This is terrible news and all you have to do is look at the performance of WCLX to see what a debacle these foreign RR's are. It cost Burkhardt his job at WCLX so maybe there is upside in this move. The Estonians will see CPR as the big dumb money, never to be repaid.