Senate Approves Sale of Conrail
Associated Press
WASHINGTON —
The Senate today approved and sent to the House the Reagan Administration’s plan to sell Conrail, the government-owned freight railroad, to Norfolk Southern Corp. for $1.2 billion.
The 54-39 Senate vote capped two weeks of a debate that lawmakers said is guaranteed to flare again in the House. The bill to approve sale of the 15,000-mile freight line represents the spearhead of what the Administration has described as a drive for “privatization” of various government-owned properties.
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