Publish Date : 09-Apr-2019
CN said it plans to invest approximately $320 million in Ontario in 2019 to expand and strengthen the companys rail network across the province.
Following a record capital program in 2018, CN has been able to take on more traffic from different commodity sectors based on contracts with our customers, said Doug MacDonald, Vice-President of CNs Eastern Region. This year, we are continuing to invest to boost capacity and network resiliency and to meet growing traffic on our corridors across Ontario.
The Ontario investments are part of CNs 2019 record $3.9-billion capital investment focused on enabling growth from all commodity segments, including consumer goods, grain, agricultural, forest, and energy products from all of our customers, safely and efficiently. Over two years, CN will have made a $7.4-billion capital investment.
We welcome CNs investment in important railway infrastructure across Ontario, said Marco Mendicino, Member of Parliament for EglintonLawrence. These annual investments improve safety and operating efficiency and boost economic output. Focusing on strategic assets will support Canadas trade network and bring Canadian goods to market more efficiently.
CN is currently deploying important safety enhancing technologies across its network, such as the Autonomous Track Inspection Program, Distributed Air Cars, and Automated Inspection Portals. These innovations, combined with CNs investments in locomotives, capacity, infrastructure, and train crews, will support the safe and efficient movement of our customers goods to their end markets.
With its robust carrying capacity, solid safety record, and low environmental impact, rail infrastructure plays a critical role in Ontario's economy. CN is a respected member of the Ontario Chamber of Commerce and, for 100 years, has been a leading North American transportation and logistics company. Today's investment will not only renew and strengthen our provinces rail network, it will also help move goods to market faster to meet current and future demands, said Rocco Rossi, President and CEO of the Ontario Chamber of Commerce.
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