Western Railroad Discussion > A2A files for Creditor Protection

I've said it would go nowhere every time the topic about a rail connection from Alaska to the rest of the North American rail network comes up and every time, someone criticizes my opinion. But here we are again. Another entity trying to make it happen has imploded.

 https://www.cbc.ca/news/canada/calgary/a2a-rail-project-creditor-protection-1.6077226?

Another thread on this on the Canadian forum here...

https://www.trainorders.com/discussion/read.php?15,5275855

Never know what might happen to any project based on OPM  (other people's money)

Has the firm put down any track? Ancestors of UP and BNSF made trips though bankruptcy court.

Posted from Android

masterphots Wrote:
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> Never know what might happen to any project based
> on OPM  (other people's money)

Lackawanna484 Wrote:
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> Has the firm put down any track? Ancestors of UP
> and BNSF made trips though bankruptcy court.

Putting 2+2 together, we have the potential here for future triple track main!  Let's get that into a prospectus!  8>)

mapboy

mapboy Wrote:
-------------------------------------------------------
> masterphots Wrote:
> --------------------------------------------------
> -----
> > Never know what might happen to any project
> based
> > on OPM  (other people's money)
>
> Lackawanna484 Wrote:
> --------------------------------------------------
> -----
> > Has the firm put down any track? Ancestors of
> UP
> > and BNSF made trips though bankruptcy court.
>
> Putting 2+2 together, we have the potential here
> for future triple track main!  Let's get that
> into a prospectus!  8>)
>
> mapboy

They might have a future carrying snow melt water from Alaska to the US western states.

Posted from Android

Lackawanna484 Wrote:
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> Has the firm put down any track?

Not a single stick of rail has been spiked down, and never will. As I said in this thread, this is just another corporation mining for grant money, spending it on "studies" and "surveying", making their crony consultants wealthy, and pulling the plug when the well runs dry. If this massive project ever happens, it won't be in any of our lifetimes.

https://www.trainorders.com/discussion/read.php?1,5065011,5065691

Any Company who has a 149 million dollar load recalled by the brankruptcy Judge of there Lender is going to file for protection while they work out another venue of funding.  A2A isnt in trouble. There bank is 

 

NSDTK Wrote:
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> Any Company who has a 149 million dollar load
> recalled by the brankruptcy Judge of there Lender
> is going to file for protection while they work
> out another venue of funding.  A2A isnt in
> trouble. There bank is 

Doesn't matter. It's all smoke and mirrrors. They may find someone new to fleece but the net result won't change.

NSDTK Wrote:
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> Any Company who has a 149 million dollar load
> recalled by the brankruptcy Judge of there Lender
> is going to file for protection while they work
> out another venue of funding.  A2A isnt in
> trouble. There bank is 

A2A is down to its last million, after being advanced something in the order of $200 million. It's a house of cards, smoke and mirrors. The now-departed "founder" appears to have done well out of the deal, though, but those who succeed in selling the Brooklyn Bridge usually do.

For details, see my post of the gist of a Globe and Mail report here: https://www.trainorders.com/discussion/read.php?15,5275855

 



Edited 2 time(s). Last edit at 06/26/21 20:02 by railsmith.