CN is embarking on a $500 million multi-year infrastructure investment programme in Western Canada.
CN plans to invest $100 million this year upgrading northern Alberta branch lines before extending the programme to cover improvements in Manitoba and Saskatchewan.
The works are required to manage the rising volume of freight being transported across Western Canada. Volumes have increased by more than 50 per cent in the past five years.
Claude Mongeau, CN president and chief executive officer, said: “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.
“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.”
