CN's $510 Million Investment to Foster Alberta's Rail Capacity
CN's Strategic Investment in Alberta's Infrastructure
EDMONTON – CN (TSX: CNR) (NYSE: CNI) has unveiled plans for a substantial investment of approximately $510 million CAD aimed at enhancing the transportation infrastructure in Alberta. This investment is central to CN's commitment to its 2025 capital investment program, reflecting an ongoing effort to support critical rail projects throughout the region.
Enhancing Rail Infrastructure
The funding will be utilized for essential track maintenance and strategic infrastructure developments. Key projects include augmenting intermodal capacity in Edmonton and advancing the construction of additional rail capacity along CN’s mainline between Edson and Hinton. These improvements are designed to facilitate the efficient movement of goods and are integral to promoting sustainable growth not only within Alberta but also across CN's extensive rail network.
Statements from Leadership
Tracy Robinson, President and Chief Executive Officer of CN, expressed strong belief in the long-term benefits of these investments. "Investing in our network goes beyond current needs; it is about preparing for the future. Our initiatives in Alberta are essential to boosting the resilience and efficiency of our services, ultimately enhancing customer satisfaction and economic growth across North America,” Robinson stated.
Additionally, His Worship Adam Gamble, Mayor of Parkland County, emphasized the impact of CN's presence: "CN’s infrastructure supports nearly 400 businesses in our Acheson Industrial Area, providing critical connectivity to global markets. Our partnership with CN enables us to optimize supply chain efficiency, reduce costs, and bolster our competitive edge in international trade.”
Previous Investments and Their Impact
In 2024, CN committed around $357 million CAD towards similar initiatives in Alberta, focusing on track maintenance and other infrastructure projects that included over $35 million specifically allocated for capacity building on the Edson Subdivision track between Pedley and Galloway. This initiative is part of a comprehensive multi-year project aimed at increasing capacity along the mainline track connecting Jasper to Edmonton, fostering greater market access for North American supply chain stakeholders.
Key Figures Highlighting CN's Commitment
Some important statistics underline CN's substantial role in Alberta:
- Employees: approximately 3,421
- Railroad route miles operated: 2,505
- Community investments: $2.1 million in 2024
- Local spending: $968 million in 2024
- Cash taxes paid: $83 million in 2024
About CN and Its Role in North America
Founded in 1919, CN has a longstanding history of powering the economy by safely transporting over 300 million tons of natural resources and products across North America every year. Its expansive rail network, spanning nearly 20,000 miles, connects the eastern and western coasts of Canada with critical markets in the U.S., fostering sustainable trade and contributing to the prosperity of the communities served by the railway.
Contact Information for Inquiries
For further information, the following contacts are available:
Media:
Ashley Michnowski, Senior Manager, Media Relations
(438) 596-4329
media@cn.ca
Investment Community:
Stacy Alderson, Assistant Vice-President, Investor Relations
(514) 399-0052
investor.relations@cn.ca
Frequently Asked Questions
1. What is the purpose of CN's $510 million investment in Alberta?
The investment aims to enhance rail capacity and infrastructure, supporting the efficient transport of goods and promoting sustainable regional growth.
2. How will the investment impact local businesses?
The increased infrastructure and capacity will provide better connectivity to global markets for local businesses, optimizing supply chain operations and reducing costs.
3. What previous investments has CN made in Alberta?
In 2024, CN invested approximately $357 million in Alberta focusing on essential track maintenance and infrastructure projects.
4. How many employees does CN have in Alberta?
CN employs nearly 3,421 people in Alberta, contributing to the local economy.
5. What is CN's history and its significance in North America?
Established in 1919, CN plays a crucial role in the economy by transporting over 300 million tons of goods annually, connecting major markets across Canada and the U.S.
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