POST Online Media Lite Edition



 

CN to invest $430 million in Ontario

Christian Fernsby |
CN announced plans to invest approximately C$430 million in Ontario in 2022.

Article continues below




This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.

These investments will power sustainable growth and ensure the continued safe movement of goods in Ontario and everywhere on CN’s transcontinental network.

“At a time when the resilience of our supply chains is more important than ever, investing in our rail transportation system ensures essential goods can reach Canadians on time. Railways play an important role in growing our economy, and I am pleased to see CN taking this important step to strengthen our rail networks," the Honourable Omar Alghabra, Minister of Transport, Government of Canada said.

"Today’s announcement [June 22] will help improve the fluidity of our rail network against the unprecedented disruptions to service we have seen in the last two years, and is good news for Canadians.”

Maintenance program highlights include:

• Replacing 43 miles of rail;
• Installing approximately 123,000 new railroad ties;
• Rebuilding 84 road crossing surfaces; and
• Maintenance work on bridges, culverts, signal systems, and other track infrastructure


What to read next

4K Invest vanishes into thin air after Adria Airways collapse, prosecutors want managers
Intel announces initial investment of over €33 billion
Deutsche Invest highest bidder for Thessaloniki Port