{"id":9173,"date":"2020-12-22T18:13:29","date_gmt":"2020-12-23T00:13:29","guid":{"rendered":"http:\/\/planesintheair.com\/?p=9173"},"modified":"2020-12-22T18:13:29","modified_gmt":"2020-12-23T00:13:29","slug":"canadian-pacific-completes-acquisition-of-detroit-river-rail-tunnel","status":"publish","type":"post","link":"https:\/\/planesintheair.com\/?p=9173","title":{"rendered":"Canadian Pacific Completes Acquisition of Detroit River Rail Tunnel"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma-1024x576.jpg\" alt=\"\" class=\"wp-image-9175\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma-1024x576.jpg 1024w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma-300x169.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma-768x432.jpg 768w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma-1536x864.jpg 1536w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/canadian-pacific-locomotive-3d-model-max-obj-3ds-c4d-lwo-ma.jpg 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p>CALGARY,\u00a0Dec. 22, 2020\u00a0\/PRNewswire\/ &#8211; Canadian Pacific Railroad (NYSE:\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.prnewswire.com\/news-releases\/cp-completes-acquisition-of-detroit-river-rail-tunnel-301197722.html#financial-modal\" target=\"_blank\">CP<\/a>) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from certain affiliates of OMERS, the defined benefit pension plan for municipal employees in the province of\u00a0Ontario. CP previously owned a 16.5 percent stake of the tunnel in partnership with OMERS. The purchase price for the transaction is approximately\u00a0US$312 million, subject to customary closing adjustments.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/maxresdefault-3-1024x576.jpg\" alt=\"\" class=\"wp-image-9174\" srcset=\"https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/maxresdefault-3-1024x576.jpg 1024w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/maxresdefault-3-300x169.jpg 300w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/maxresdefault-3-768x432.jpg 768w, https:\/\/planesintheair.com\/wp-content\/uploads\/2020\/12\/maxresdefault-3.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Canadian Pacific Railroad (NYSE: CP) announced today it has completed its previously announced agreement to purchase an 83.5 percent stake in the Detroit River Rail Tunnel from <\/p>\n","protected":false},"author":1,"featured_media":9174,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5637,8475,4552,5992,5670,2203,4957,5676,10169,10458,1210,6711,10176,1397,4017,10195,10171,868],"tags":[3648,8978,1697,3178,6741,4195,3099,274,2900,9641,8095,5521,6848,401,6882,1065,5595,412,1401,13138,1038,1016,1541,2271,1485,8089,2452,2713,2096,2902,1212,4471,1055,2855,10540,2718,1691,1658,13137,3814],"class_list":["post-9173","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-canadian-news","category-cargo-news","category-economic-news","category-economy-news","category-finance-news","category-global-politics","category-international-news","category-news","category-railroad","category-railroad-news","category-shipping-news","category-stock-news-2","category-stock-news","category-train-news","category-transport","category-transportation","category-transportation-news","tag-acquisition","tag-affiliates","tag-agreement","tag-alberta","tag-announced","tag-benefit","tag-calgary","tag-canada","tag-canadian","tag-certain","tag-completed","tag-completes","tag-defined","tag-detroit","tag-employees","tag-michigan","tag-municipal","tag-news","tag-nyse","tag-omers","tag-ontario","tag-pacific","tag-partnership","tag-pension","tag-plan","tag-previously","tag-prnewswire","tag-province","tag-purchase","tag-rail","tag-railroad","tag-river","tag-service","tag-stake","tag-today","tag-train","tag-transport","tag-transportation","tag-tsx","tag-tunnel"],"_links":{"self":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9173","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9173"}],"version-history":[{"count":1,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9173\/revisions"}],"predecessor-version":[{"id":9176,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/posts\/9173\/revisions\/9176"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=\/wp\/v2\/media\/9174"}],"wp:attachment":[{"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9173"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9173"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/planesintheair.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9173"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}