- Canadian Pacific Kansas City (TSX:CP) approved its first nine specially-designated Site Ready rail-served locations across North America for more efficient industrial development
- The certified sites are available for immediate construction with reduced development timelines, facilitating quicker project initiation and completion
- CPKC wants to provide extensive support from planning to operations, ensuring seamless integration and operational efficiency for businesses
- Canadian Pacific Kansas City (TSX:CP) last traded at C$101
Canadian Pacific Kansas City (TSX:CP) put the stamp of approval on its first nine specially-designated Site Ready rail-served locations across North America. These sites are uniquely positioned for more efficient industrial development as part of a new company-wide growth initiative.
The site ready program aims to transform underutilized land into prime industrial sites ready for development, unlocking significant economic potential for both businesses and communities. Developed and certified in collaboration with Burns & McDonnell, a global engineering and construction firm, these locations are selected to support long-term operational success by offering reduced development timelines, built-in rail access, and larger size acreages.
Key advantages of the nine new site ready locations
- Locations: These sites are positioned near major markets and transportation hubs, or offer other unique regional advantages, ensuring optimal connectivity and accessibility.
- Ready-to-develop land: The certified sites are available for immediate construction with reduced development timelines, facilitating quicker project initiation and completion.
- CPKC support: CPKC wants to provide extensive support from planning to operations, ensuring seamless integration and operational efficiency for businesses.
- Economic growth: The development of these sites is expected to drive job creation and increase local investment, contributing to the economic prosperity of surrounding communities.
The certification of these nine Site Ready locations marks a significant milestone in CPKC’s “room to grow” strategy, which focuses on expanding the company’s footprint and enhancing its service offerings. The collaboration with Burns & McDonnell ensures that these sites meet the highest standards of readiness and efficiency, providing businesses with the infrastructure they need to succeed.
“Our nine Site Ready locations provide the ideal platform for businesses seeking to efficiently build new or expand existing operations, creating new value and capitalizing on the economic opportunities presented by the reach of our North American network,” John Brooks, CPKC’s executive vice president and chief marketing officer said in a news release.
Canadian Pacific Kansas City is the first and only single-line transnational railway linking Canada, the United States and Mexico.
Canadian Pacific Kansas City (TSX:CP) last traded at C$101.24 and is up 1.85 on the month, but down 2.73 per cent since the year began.
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