Iowa Pacific buys British railroads, contractor

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LONDON - Chicago-based Iowa Pacific Holdings earlier this month bought Britain's Dartmoor Railway and RMS Locotec; it will manage the two companies under the name British American Railway Services. As part of the deal, BA will also gain a 75 percent interest in Weardale Railway.

Dartmoor operates a 17-mile route in southwestern England, serving Okehampton and Meldon Quarry. Weardale runs 18 miles of track in County Durham. In buying the railroads, BA will operate both freight and passenger train services.

RMS Locotec does contract work on rail lines.

Iowa Pacific Holdings operates six short lines in the U.S. that include more than 700 miles of track. Its railroads include Permian Basin Railways, Chicago Terminal Railroad, and several others.
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