- CN (CNR) to invest $445 million in Alberta to ensure the fluidity and safety of its network while minimizing greenhouse gas emissions
- Maintenance program highlights include replacing 64 miles of rail, installing approximately 182,000 new railroad ties, and rebuilding 38 road crossing surfaces
- 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, we encourage the use of rail for long-haul transportation, leading to reduced emissions
- CN (CNR) is up 0.69 per cent and is trading at C$130.80 at 11:49 am ET
CN (CNR) plans to invest approximately C$445 million in Alberta in 2021 as part of CN’s C$3 billion capital investment plan across its network.
In Alberta, CN’s investment will focus on technology, capacity, and infrastructure maintenance to enhance safety and the fluidity of its network.
“Our consistent and proactive infrastructure investment strategy and the essential work of our employees and supply chain partners are what enable CN to keep the economy moving safely and smoothly year after year,” said James Thompson, Vice-President, Western Region at CN.
“Alberta has the best rail infrastructure in Canada and this investment by CN will ensure that we continue to be at the forefront of transporting goods to markets across the continent,” Doug Schweitzer, Minister of Jobs, Economy and Innovation, Government of Alberta
Maintenance program highlights include replacing 64 miles of rail, installing approximately 182,000 new railroad ties, rebuilding 38 road crossing surfaces, and, maintenance work on bridges, culverts, signal systems, and other track infrastructure.
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, we encourage 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.
The proposed end-to-end merger between CN and Kansas City Southern will create a transportation network across North America, enhancing competition, spurring economic growth and delivering benefits to the local communities in which both railroads operate.
The transaction will provide an enhanced platform for growth, capital investment, and job creation. Together with KCS, CN’s industry-leading commitment to science-based climate targets and a faster, safer network will result in a cleaner connected continent.
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 0.69 per cent and is trading at C$130.80 at 11:49 am ET.
