CP Rail weighing options for C$2 bln in surplus real estate -CEO

CALGARY Tue Feb 18, 2014 3:34pm EST

CALGARY Feb 18 (Reuters) - Canadian Pacific Railway Co , the country's second-biggest rail operator, is considering what to do with C$2 billion ($1.83 billion) in surplus real estate, its chief executive said on Tuesday.

Hunter Harrison said at a Calgary event that he has begun talking to the railway's board of directors about options for the assets. The railway recently said it is hitting long-term goals ahead of schedule and could issue a new five-year plan before this fall.