Business, Freight News, Rail

CN welcomes federal infrastructure investment in Vancouver

[ June 28, 2018   //   ]

CN recently report that the Canadian the federal government’s support of
infrastructure investments in Vancouver through the National Trade
Corridors Fund (NTCF) will help the long-term expansion of trade between
Canada and Asia.

“We applaud the Government of Canada’s actions to expand Canada’s
key trade corridors and make them more reliable. We welcome this
investment in trade-enabling infrastructure,” said JJ Ruest, interim
president and chief executive officer at CN. “These investments signal
Canada’s commitment to trade with Asian economies.”

NTCF will provide funding to infrastructure investments boosting
capacity along the rail corridor across the Second Narrows railway
bridge linking transportation networks to growing grain, potash, coal
and forest products export terminals on Vancouver’s North Shore.

The government also announced funding to expand capacity on the railway
line that serves as CN’s primary access to DP World’s Centerm and
Global Container Terminals’ Vanterm, two expanding intermodal
terminals on Vancouver’s South Shore. Centerm is moving forward with
plans to increase capacity by two-thirds.

“Increasing export and import opportunities for Canadian businesses
means more capacity is needed to reliably move products to and from this
expanding gateway,” Ruest said. “Collaborative investments in supply
chain infrastructure, including by railways, ports and terminal
operators, improve our trading partnerships linking Asian markets to
Canadian consumers and producers.”

Earlier in June, CN announced its plans to invest approximately C$340
million across British Columbia in 2018 to expand and strengthen the
Company’s rail network throughout the province.