Alaska-Alberta Railway Development Corporation

Alaska-Alberta Railway Development Corporation
Overview
Other name(s)A2A Rail
StatusReceivership
OwnerMcCoshen Group
Termini
Connecting linesAlaska Railroad
Canadian National Railway
Websitea2arail.com (Archived 20 June 2021)
Service
Typeinternational freight
Technical
Track length1,600 mi (2,600 km)
Number of trackssingle with passing sidings[1]
Track gauge1,435 mm (4 ft 8+1⁄2 in) standard gauge

The Alaska-Alberta Railway Development Corporation (also known as A2A for Alaska to Alberta) was an entity created to build, own, and operate a proposed 2,600-kilometre (1,600 mi) railroad between Delta Junction, Alaska, and Fort McMurray, Alberta.[2] The concept never got beyond the planning stage and in 2021, the company was put in receivership. The project was on hold due to financial irregularities between A2A's only shareholder, Sean McCoshen, and A2A's main financial backer Bridging Finance Inc.[3] At the time of the receivership filing, the railroad was still in a conceptual stage and the only assets identified by the receiver were consulting reports and intellectual property. Total debts owed to Bridging Finance were approximately $212.9 million.[4] McCoshen filed for personal bankruptcy in Oregon two months after A2A entered receivership.[5]

  1. ^ Cite error: The named reference mustread was invoked but never defined (see the help page).
  2. ^ Cite error: The named reference OurRailway was invoked but never defined (see the help page).
  3. ^ Ellis, Tim (14 July 2021). "'Boondoggle': financial woes may jeopardize proposed Alaska-Canada railroad project". KTOO. KUAC-Fairbanks. Retrieved February 12, 2022.
  4. ^ "First Interim Report of the Receiver" (PDF). mandebt.ca. MNP Ltd. Archived from the original (PDF) on 8 April 2023. Retrieved 27 December 2023.
  5. ^ McKeon, Lauren (10 October 2023). "The Fall of the House of Sharpe: What Exactly Happened to Bridging Finance?". Canadian Business. Archived from the original on 12 December 2023. Retrieved 27 December 2023.