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Conrail Sale: DOT's Selection of Investment Banks To Underwrite the Sale of Conrail

RCED-87-88 Published: Feb 17, 1987. Publicly Released: Mar 09, 1987.
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Highlights

Pursuant to a congressional request, GAO reviewed the Department of Transportation's (DOT) selection of six investment banks to manage the sale of the government's interest in the Consolidated Rail Corporation (Conrail).

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Evaluation criteriaGovernment sponsored enterprisesInvestment companiesMass transitRailroad industrySales promotionSource selectionInvestment banksPrivatizationSpecial counsel