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CN plans more spending
Montreal—Canadian National Railway (CN) announced plans to spend $1.6 billion on capital programs in 2007, an increase of four per cent over 2006.
More than $1 billion will be invested in track infrastructure, to maintain safety and improve productivity. CN will spend $200 million on growth-related projects, such as the expansion of the BC North Line to accommodate container traffic from the Prince Rupert Intermodal Terminal, which is scheduled to open in the second half of 2007.
In Western Canada alone, CN plans to invest nearly $350 million in track infrastructure to take advantage of growth prospects in North American trade with Asia, and the oil sands boom in the West.
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