CN announces plans to invest $185M in Saskatchewan
by CM Staff
This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives as well as network improvements.
MONTREAL — On Jun. 27, CN announced plans to invest approximately C$185 million in Saskatchewan in 2022. This includes investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives as well as network improvements. These investments intend to support sustainable growth and ensure the continued safe movement of goods in Saskatchewan and everywhere on CN’s transcontinental network.
“We continue to make significant investments in our network, technology, and capacity. We are building the premier railroad of the 21st century to do even more for our customers, railroaders, shareholders, and the communities in which we operate.” said Sean Finn, Executive Vice-President, Corporate Services and Chief Legal Officer of CN.
“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. Today’s announcement 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.” said Omar Alghabra, Minister of Transport, Government of Canada.
Maintenance program highlights include:
- Replacing 25 miles of rail;
- Installing more than 151,000 new railroad ties;
- Rebuilding 23 road crossing surfaces; and
- Maintenance work on bridges, culverts, signal systems, and other track infrastructure
Saskatchewan in numbers:
- Capital investments: More than $ 900 million in the last five years
- Employees: approximately 1,030
- Railroad route miles operated: 1,936
- Community partnerships: $720,000 in 2021
- Local spending: $124 million in 2021
- Cash taxes paid: $81 million in 2021