The Company is increasingly optimistic about the economic recovery and these investments will help meet the demand and future needs of customers
CN Rail has announced plans to invest approximately C$350 million in Ontario in 2021 as part of CN’s C$3 billion capital investment plan across its network. In Ontario, CN’s investment will focus on technology, capacity, and infrastructure maintenance to enhance safety and the fluidity of its network.
Its maintenance program highlights include: replacing 67 miles of rail; installing approximately 176,000 new railroad ties; rebuilding 85 road crossing surfaces; and maintenance work on bridges, culverts, signal systems, and other track infrastructure.
“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 Derek Taylor, Vice-President, Eastern Region at CN. “Safety is a core value at CN and we will continue to invest in our track and in technology to support our overall network capacity and provide our customers with safe and reliable service. 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.”
“Our government salutes CN for its commitment to rail safety and the fluidity of its network while minimizing pollution. 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. This announcement will help create good middle-class jobs and help move goods efficiently to market, and people to their destinations.”
“CN’s continued investment into its rail infrastructure is good news for Ontario,” said the Honourable Caroline Mulroney, Minister of Transportation, Government of Ontario. “Rail service is critical to many Ontario supply chains. CN is an important freight transportation company that moves goods needed by Ontarians.”
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. To learn more on how CN is building for a sustainable future please visit www.delivering-responsibly.cn.ca/.