CLINTON, Iowa — Clinton’s city council has unanimously approved a $1 million agreement with Canadian Pacific to address impacts of its proposed merger with Kansas City Southern, KWQC-TV reports.
Under the agreement passed Tuesday night, the city will receive the funds if the Surface Transportation Board approves the first merger of two Class I railroads in two decades. In return, Clinton officials agreed not to oppose the merger.
Some $100,000 of the funds would be earmarked for permanent closure of a grade crossing at 21st Avenue North. Other funds would help fund create quiet zones at 12 other crossings.
Clinton becomes at least the fifth Iowa city to reach a similar agreement with CP, joining Davenport, Bettendorf, Muscatine, and LeClaire.
The STB will begin at least three days of hearings on the CP-KCS merger today in Washington.
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