News Content
CN plans to invest US$1.9 billion on mainly infrastructure projects in 2017
CANADIAN National Railway (CN) plans to invest C$2.5 billion (US$1.91 billion) this year in programmes designed to improve its core infrastructure, enhance safety and support long-term growth.
"We once again are investing with a focus on advancing safety, service and productivity through infrastructure maintenance, strategic growth initiatives and new technology," said CN's president and CEO Luc Jobin.
CN said it plans to invest C$1.6 billion on track infrastructure. The planned work includes the replacement of 2.2 million rail ties and installation of 600 miles of new rail, plus work on bridges, branch line upgrades and other general track maintenance.
It will also spend C$400 million in 2017 to advance the implementation of PTC, the safety technology mandated by the United States Congress, along parts of its US network. The railway operator will install the hardware on 3,500 route-miles, and plans to invest a total of US$1.2 billion on the entire project by 2020.
A further C$500 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.
"We once again are investing with a focus on advancing safety, service and productivity through infrastructure maintenance, strategic growth initiatives and new technology," said CN's president and CEO Luc Jobin.
CN said it plans to invest C$1.6 billion on track infrastructure. The planned work includes the replacement of 2.2 million rail ties and installation of 600 miles of new rail, plus work on bridges, branch line upgrades and other general track maintenance.
It will also spend C$400 million in 2017 to advance the implementation of PTC, the safety technology mandated by the United States Congress, along parts of its US network. The railway operator will install the hardware on 3,500 route-miles, and plans to invest a total of US$1.2 billion on the entire project by 2020.
A further C$500 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.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
