SASKATCHEWAN — CN (TSX: CNR) (NYSE: CNI) has announced plans to invest approximately $290 million CAD in Saskatchewan, as part of its .
This investment will support track maintenance and strategic infrastructure initiatives in the province. This includes major projects to support customer initiatives and agriculture industry partners to improve the movement of grain and fertilizers.
These investments will help ensure the safe movement of goods and support long-term sustainable growth in Saskatchewan and across CN’s network, CN notes in a statement.
"We believe that investing in our network is about building for the future. Our continued infrastructure investment in Saskatchewan will help strengthen the resiliency, and efficiency of our network across the province,” said Tracy Robinson, president and chief executive officer of CN
“Our focus remains on providing exceptional service to our customers and supply chain partners, supporting strong economic growth for North America and across the communities where we operate."
“Rail transportation is an essential part of getting Saskatchewan’s food, fuel and fertilizer to more than 160 countries around the globe,” said Highways Minister David Marit.
“Our customers are expecting a reliable and timely delivery system, and this investment will help our robust transportation network continue to meet the needs of Saskatchewan producers, while supporting our export-based economy.”
In 2024, CN invested approximately $160 million CAD in Saskatchewan for track maintenance and key infrastructure initiatives. Highlights of this investment include:
- More than $6.7 million in shared investment for grade crossing upgrades across our network in Saskatchewan
- Over $3 million in upgrade projects to improve operations and support employees at CN’s Melville railyard
- Employees: approximately 1,152
- Railroad route miles operated: 1,845
- Community investments: $670,000 in 2024
- Local spending: $117 million in 2024
- Cash taxes paid: $105 million in 2024
