CN slates cap-ex projects in two states, two provinces

CN announced yesterday it has budgeted hundreds of millions of dollars for capital projects in the states of Illinois and Tennessee, and the provinces of New Brunswick and Saskatchewan.

The Class I will invest CA$185 million in Saskatchewan, $150 million in Illinois, CA$40 million in New Brunswick and $30 million in Tennessee.

The funds will pay for projects to advance technology, capacity, rolling stock and decarbonization initiatives, as well as network improvements. The projects will power sustainable growth and ensure the safe movement of goods in their respective areas, CN officials said in a press release.

The investments call for replacing rail, installing new ties, rebuilding grade-crossing surfaces and performing maintenance work on bridges, culverts, signal systems and other track infrastructure.

"We continue to make significant investments in our network, technology and capacity," said Sean Finn, CN's executive vice president of corporate services and chief legal officer.

In recent weeks, CN has announced plans for similar projects in the provinces of Alberta, British Columbia, Manitoba, Nova Scotia and Quebec.