CN has announced CA$175 million (US$136 million) in capital improvements for its railways in Manitoba and Nova Scotia, in addition to the $1.52 billion already announced for four provinces: Alberta, British Columbia, Ontario, and Quebec.
In total, CN (NYSE: CNI) has pledged almost $1.7 billion in 2022 to six provinces.
According to its 2021 annual report, CN set aside $2.9 billion for capital expenditures in 2021.
CN will invest $160 million in Manitoba for network improvements and activities aimed at increasing technology, capacity, and decarbonization efforts.
The province’s maintenance initiatives include replacing 10 miles of rail, installing more than 78,000 new railroad ties, and upgrading 12 road crossing surfaces, according to CN. In the previous five years, the railway has invested more than $600 million in Manitoba. In the province, it operates 865 train line kilometers.
CN plans to invest $15 million in Nova Scotia to “fuel sustainable growth and ensure the ongoing safe movement of commodities in Nova Scotia and everywhere on CN’s transcontinental network,” according to the company. The railway’s maintenance effort includes replacing four miles of rail track, installing 20,000 new railroad ties, and reconstructing ten road crossings.
In the previous five years, CN has invested more than $100 million in Nova Scotia, where it operates 162 railroad kilometers.
Capital investments will be made by both provinces to maintain bridges, culverts, signal systems, and other railway infrastructure.
