According to BRS Board Deputy Chairman Guido Sammelselg, the company is negotiating with several international financial institutions and there is intense interest for the long-term financing of the Estonian railway. Sammelselg said that all current company shareholders are participating in the financing of the purchase price, proportionate to their share holdings, and new shareholders would not be involved. BRS shareholders include the U.S. rail operators Rail World Inc. (25.5 percent) and Railroad Development Corporation (5 percent), a subsidiary of the British infrastructure group Jarvis International (25.5 percent) and Ganiger Invest (44 percent), which is led by Estonian businessmen Juri Kao and Guido Sammelselg.
Rail World Inc. is a railway investment and management company, which belongs to the well known U.S. entrepreneur Edward Burkhardt, who's BRS's chairman of the board of. In 1999 he received the title of best U.S. railroad operator. Burkhardt is about to receive over 1 billion kroons from the sale of shares in the U.S. rail company Wisconsin Central Transportation Corporation to another North American operator. The privatization agency signed a contract on April 30, 2001 with BRS to manage the privatization of 66 percent of the shares in the Estonian railway Eesti Raudtee, after it surfaced that the representatives of Rail Estonia, the initial bidder, had a shady background.