CN’s planned C$2.5 billion (US$1.9 billion) 2017 capital program is “focused on hardening core infrastructure,” the railroad said on Feb. 9.
CN plans to invest approximately C$1.6 billion on track infrastructure “to maintain a safe and efficient network.” Planned work includes replacement of 2.2 million crossties and installation of more than 600 miles of new rail, plus work on bridges, branch line upgrades and other general track maintenance. The amount “is consistent with last year’s investment,” CN said.
Approximately C$400 million is earmarked for PTC (Positive Train Control) implementation along parts of its U.S. network. CN will install the hardware on approximately 3,500 route-miles and plans to invest a total of US$1.2 billion on the entire project by 2020.
Approximately C$500 million is expected to be invested in equipment, expansion projects and information technology initiatives “to serve growing business, improve service for customers and advance safety.” This includes planned growth investments to capitalize on Canadian west coast port expansions and key customer projects, and safety technology investments such as wayside inspection systems and track testing vehicles.
“We once again are investing with a focus on advancing safety, service and productivity through infrastructure maintenance, strategic growth initiatives and new technology,” said CN President and cCEO Luc Jobin. “We remain committed to investing in our business as we continue to advance our agenda of operational and service excellence.” Our 2017 capital program maintains a steady level of investment focused on the maintenance and integrity of our network. This allows us to meet the needs of our customers today and for the long run while pursuing our goal of being the safest railroad in North America.”