CN announced a multi-year program to invest approximately C$500 million (USD 409.6 million) in infrastructure improvements to its Western Canada feeder rail lines in Alberta, Manitoba, and Saskatchewan that are handling rising volumes of industrial products, natural resources, and energy-related commodities.
In 2015, CN will allocate approximately C$100 million (USD 82 million) for work on northern Alberta branch lines, investing in infrastructure upgrades and safety improvements, including heavier rail, crushed rock ballast and new ties, to ensure the network can efficiently accommodate future freight volume growth in the Peace River region.
“CN is building for the future with large capital investments in long-term safety and capacity improvements to ensure it continues to play its role as a true backbone of the economy,” Claude Mongeau, CN President said.
CN continues to see rising freight volumes in Western Canada, which have increased by more than 50 per cent in the past five years. Given this growth, CN has also invested significantly in its Edmonton-Winnipeg main line corridor, installing sections of double track, extending sidings to accommodate longer more efficient trains, and improving major classification yards.
Share on:
