$5B Canadian Rail Expansion Stalls As Study Called Off

Law360, New York (February 12, 2013, 3:35 PM EST) -- Canadian National Railway put the brakes on a $5 billion effort to expand its operations deeper into northern Quebec, saying Tuesday that it would postpone a feasibility study tied to a proposed 500-mile rail line that would service a new iron ore mine.

Bringing a halt to the study that has been under way since August, CN said differences between its partners' on-site aims and a slowed-down broader marketplace drove it to hold off on the study. The effort would have built a railway to link...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.