In Québec CN will be investing CA$335m in 2022 and in British Columbia it will be investing CA$390m. Both regions will see investment in new technology, rolling stock units, company-wide decarbonization initiatives and network improvements.
According to CN, these investments will power sustainable growth and ensure the continued safe movement of goods in Québec, British Columbia and everywhere on CN’s transcontinental network.
Sean Finn, executive vice-president of corporate services and chief legal officer of CN, said, “We continue to make significant investments in our network, technology, and capacity. 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.”
Charles Milliard, president, and CEO of the Fédération des chambres de commerce du Québec (FCCQ), added, “For over 100 years, CN has been at the heart of the development of Quebec companies. We note that the $335 million in investments announced also include a portion for decarbonization initiatives and for bolstering the safety of their railway infrastructure, which we applaud. For the FCCQ and the network of chambers of commerce, this improved access to responsible freight transportation services is critical to encouraging the transition to new ESG business practices.”
Québec’s maintenance program highlights include replacing 27 miles of rail; installing more than 118,000 new railroad ties; rebuilding 38 road crossing surfaces; and maintenance work on bridges, culverts, signal systems, and other track infrastructure.
British Columbia’s maintenance program highlights include replacing 111 miles of rail; installing approximately 126,000 new railroad ties; rebuilding 37 road crossing surfaces; and maintenance work on bridges, culverts, signal systems, and other track infrastructure.