Canadian National plans to invest USD 1.2 billion on PTC implementation by 2020, and, under its USD 1.78 billion capital program for 2017 will allot USD 284.7 million to advance the implementation of PTC, the safety technology mandated by the United States Congress, along parts of its U.S. network.
The USD 1.78 billion capital program, this year, the company will invest USD 1.14 billion on track infrastructure to maintain a safe and efficient network. Within the infrastructure programme, CN will install more than 965 km of new rails, including work on bridges, branch line upgrades and other general track maintenance.
USD 356 million is expected to be spent on equipment, expansion projects and information technology initiatives to serve growing business, improve service for customers and advance safety. This includes planned growth investments to capitalize on Canadian west coast port expansions and key customer projects, and safety technology investments such as wayside inspection systems and track testing vehicles.
“Our 2017 capital program maintains a steady level of investment focused on the maintenance and integrity of our network. This allows us to meet the needs of our customers today and for the long run while pursuing our goal of being the safest railroad in North America,”Luc Jobin, CN’s president said.
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