- CN (CNR) to invest $160 million in Manitoba for sustainable growth
- Investment areas will be technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements
- Maintenance program has various goals, including replacing 10 miles of rail, installing more than 78,000 new railroad ties, rebuilding 12 road crossing surfaces
- CN is in the business of transportation, transporting more than 300 million tons of natural resources and more
- CN (CNR) is up 0.93 per cent, trading at C$143.61 at 12:35 pm EST
CN (CNR) has announced plans to invest around C$160 million in Manitoba in 2022.
Included are investments in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.
The hope is to power sustainable growth and ensure the continued safe movement of goods in Manitoba and everywhere on CN’s transcontinental network.
“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.
The maintenance program has various goals such as, replacing 10 miles of rail, installing more than 78,000 new railroad ties, rebuilding 12 road crossing surfaces, and continued maintenance work on bridges, culverts, signal systems, and other track infrastructure.
“These investments continue to modernize rail infrastructure that will further increase Manitoba’s competitiveness enabling economic growth and sustainability,” added Doyle Piwniuk, Minister of Transportation and Infrastructure, Government of Manitoba.
CN is in the business of transportation, transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year.
CN (CNR) is up 0.93 per cent, trading at C$143.61 at 12:35 pm EST.