Iowa Interstate Railroad to be ‘platform for growth’ as investor takes 40% stake

iCON Infrastructure Partners V has acquired a 40% stake in regional freight railway Iowa Interstate Railroad from Pittsburgh-based Railroad Development Corp, which remains the majority owner (Photo: Erik Rasmussen).

USA: Infrastructure investor iCON Infrastructure Partners V has acquired a 40% stake in regional freight railway Iowa Interstate Railroad from Pittsburgh-based Railroad Development Corp, which remains the majority owner.

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