By Robb M. Stewart
Canadian National Railway plans to invest almost 600 million Canadian dollars, equivalent to $431 million, in Ontario to support track maintenance and infrastructure development in the province.
The freight-rail company said Wednesday that the spending will include more than $49 million as part of the construction of a logistics hub west of Toronto in Milton, a multi-year project in one of the country's busiest and fastest-growing regions.
It also plans to invest more than C$60 million with project partners to complete the first phase and advance the second phase of a new high loading fuel terminal at its MacMillan yard in Vaughn, which serves customers in the Greater Toronto Area.
Last week, CN Rail said it aimed to invest C$3.4 billion in maintaining and expanding its rail network in North America. The capital program for the year includes roughly C$2.9 billion allocated to maintenance and strategic infrastructure programs across Canada and the U.S.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 21, 2025 10:29 ET (14:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。