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CP Rail weighing options for C$2 bln in surplus real estate -CEO
February 18, 2014 / 8:35 PM / 4 years ago

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

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.

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