TORONTO — CN has announced it intends to spend $310 million on capital projects in Ontario this year.
The investments are to support growing demand and enable supply chains, stated a June 30 release, and will deliver intermodal facilities, the replacement of rail and ties, and maintenance of bridges, level crossings, culverts, signal systems and other track infrastructure.
Specifically, the capital program for 2020 involves replacement of more than 100 kilometres of rail, installation of 195,000 new railroad ties and rebuilds of 86 road crossing surfaces.
CN has made $1.4 billion in capital investments the last five years.
“We take our essential role in the North American economy seriously and these investments in Ontario are a key part of our strategy to support growth,” said Derek Taylor, CN’s vice-president for the eastern region, in a statement. “The company remains committed to help enable supply chains that fuel Ontario’s growth as we are a critical part of getting everyday goods to markets and consumers.
“Safety is a core value at CN and by investing in the maintenance and expansion of our track and capacity, we are providing customers with a safe and reliable solution at a time when fluid supply chains are more critical than ever.”