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This document reports the results of financial analyses of 63 investment opportunities based on information supplied by 13 railroads. The report discusses financial analysis methodology, the compos...
This document reports the results of financial analyses of 63 investment opportunities based on information supplied by 13 railroads. The report discusses financial analysis methodology, the composition of railroad capital budgets, the relative attractiveness of different kinds of railroad investments, the sensitivity of the financial analyses to changes in key assumptions, and institutional factors affecting the attractiveness of railroad investments.