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CN to invest $430M in Ontario rail assets this year

CN to invest $430M in Ontario rail assets this year

MONTREAL — CN is planning to spend approximately $430 million in Ontario in 2022 including investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.

The investments will power sustainable growth and ensure the continued safe movement of goods in Ontario and everywhere on CN’s transcontinental network, indicates a release.

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.

“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,” said Omar Alghabra, minister of transport, in a release. “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.”

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