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CN to invest approximately CAD 500 million on infrastructure improvement
Published: Tue, 2015-04-21 13:03- Likes 3
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On Western Canada feeder rail lines in Alberta, Manitoba, and Saskatchewan
Canadian National Railway (CN) has announced plans to invest approximately CAD 500 million to improve infrastructure on its Western Canada feeder rail lines in Alberta, Manitoba, and Saskatchewan.
The freight volumes in the region have increased by more than 50 percent since 2010. And, the company expects this trend to continue in future.
"CN is building for the future with large capital investments in long-term safety and capacity improvements to ensure it continue to play its role as a true backbone of the economy,” said, Claude Mongeau, CEO, CN.
CN will allocate approximately CAD 100 million for northern Alberta branch lines in 2015.
Mongeau added, "CN sees significant long-term potential in its customer base located on its Western Canada feeder network. We want to provide our customers with the capacity for continued efficient freight transportation services that increase their competitiveness in North American and global markets, as well as ensure our rail infrastructure is as safe as possible."
CN’s investment plans aims at increasing the capacity and safety of its rail infrastructure and support the company’s growth at low incremental cost in support of Canada's trade.
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