MONTREAL — Canadian National has released Canadian capital spending plans on a province-by-province basis, with total spending projected at C$1.92 billion.
“We continue to make significant investments in our network and technology,” Sean Finn, CN executive vice-president, Corporate Services, and chief legal officer, said in each press release announcing the provincial plans. “We are building the premier railroad of the 21st centure to do even more for our customers, railroaders, shareholders, and the communities in which we operate.”
Along with work on bridges, culverts, signal systems, and other infrastructure in each province, plans include:
— In Ontario, C$430 million to replace 43 miles of rail and 123,000 ties, along with rebuilding of 84 grade crossings.
— In British Columbia, C$390 for work including replacement of 111 miles of rail and 126,000 ties, along with rebuilding of 37 grade crossings.
— In Alberta, $365 million for work including 45 miles of new rail and more than 70,000 ties, and rebuilding 56 grade crossings.
— In Quebec, $335 million; planned are 27 miles of new rail, more than 118,000 ties, and rebuilding of 38 grade crossings.
— In Saskatchewan, C$185 million. Plans include replacing 25 miles of rail, installing more than 151,000 new ties, and rebuilding 23 grade crossings.
— In Manitoba, C$160 million for projects including replacing 10 miles of rail and 78,000 ties, and rebuilding 12 grade crossings.
— In New Brunswick, C$40 million for projects including 2 miles of new rail, 7,000 new ties, and work at an unspecified number of grade crossings.
— And in Nova Scotia, C$15 for work including replacing 4 miles of rail, installing 20,000 ties, rebuilding 10 grade crossings.
CN has now begun announcing state-by-state capital plans for the U.S. portion of its system. Trains News Wire will summarize those plans when they have all been announced.
Looks as though it is all maintenance without anything for capacity expansion.
100 percent correct. It sounds great to John Q. Public though.