Good to see interest by a major corporation in the 110 year old tunnel despite its inability to carry double deck container traffic, as well as finished vehicle shipments such as trucks and suv’s. Before the Gordie Howe Bridge project came to fruition there were a series of plans seriously considered such as digging a new tunnel along side the existing one and converting the old tunnel into a freight truck exclusive entity. CP has been leasing room the CN tunnel in Port Huron for its much of its cross border traffic, although it will continue for the foreseeable future to lease space for heavy traffic.
Quote:
CP completes purchase of Detroit River Rail Tunnel
Progressive Railroading
12/23/2020
Canadian Pacific announced yesterday it has completed its acquisition of an 83.5% stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the benefit pension plan for Ontario municipal employees.
CP previously owned a 16.5% stake in the tunnel. The purchase price for the remaining stake is $312 million, subject to closing adjustments, CP officials said in a press release.
The Class I announced in October that it would acquire full ownership of the 1.6-mile tunnel, which links Windsor, Ontario and Detroit. The acquisition will reduce the railroad's operating costs related to traffic movements through the tunnel, CP officials have said.
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https://www.progressiverailroading.c...-Tunnel--62318