- CN (CNR) is investing $120 million in Saskatchewan
- CN’s investment will focus on technology, and infrastructure maintenance to enhance safety and the fluidity of its network
- Maintenance program highlights include replacing 48 miles of rail, installing approximately 163,000 new railroad ties, rebuilding 30 road crossing surfaces and much more
- CN’s overall investment plan reflects CN’s determination to play an important role in the economic recovery and to be part of the climate solution
- CN (CNR) is up 0.015 per cent and is trading at C$129.96 at 2:12 pm ET
CN (CNR) plans to invest around C$120 million in Saskatchewan in 2021 as part of CN’s C$3 billion national capital investment plan.
In the province, CN’s investment will focus on technology, and infrastructure maintenance to enhance safety and the fluidity of its network.
“As we look to the future, we are excited about the opportunity to do even more for our customers, employees, communities and shareholders through our end-to-end, pro-competitive combination with Kansas City Southern, which will connect North America and build the premier railway for the 21st century,” James Thompson, Vice-President, Western Region at CN.
“We will continue to support green projects that keep Canadians safe, stimulate the economy, and ensure that our rail network remains one of the most efficient and secure rail transportation systems in the world. ,” The Honourable Omar Alghabra, Minister of Transport, Government of Canada.
Maintenance program highlights include replacing 48 miles of rail, installing approximately 163,000 new railroad ties, rebuilding 30 road crossing surfaces, and maintenance work on bridges, culverts, signal systems, and other track infrastructure.
Capital investments in Saskatchewan come to more than an estimated $860 million in the last five years with around 1 100 employees.
CN’s overall investment plan reflects CN’s determination to play an important role in the economic recovery and to be part of the climate solution.
By creating a more fluid and more efficient network, CN encourages the use of rail for long-haul transportation, leading to reduced emissions.
CN is one of only three Canadian companies listed on CDP’s prestigious Climate A-List.
CN is a world-class transportation leader and trade-enabler.
Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
CN (CNR) is up 0.015 per cent and is trading at C$129.96 at 2:12 pm ET.
