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CN Rail announces new investments in Alberta and Ontario

BY THE CANADIAN PRESS, Jun 22, 2022 5:53 PM - REPORT AN ERROR

Canadian National Railway Co. announced on Tuesday plans to invest approximately $430 million in Ontario and $365 million in Alberta this year.

The Montreal-based company says the investments will be in technology, capacity, rolling stock units and company-wide decarbonization initiatives, as well as network improvements.

Transportation Minister Omar Alghabra said in a news release that the announcement will help “improve the fluidity of (Canada’s) rail network against the unprecedented disruptions to service” in the last two years.

CN Rail has invested more than $1 billion in Ontario and in Alberta in the last five years.

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