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CN Railway to spend $1.7B on capital projects

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Canadian National Railway Co. (CNR-T), Canada's biggest rail carrier, said on Wednesday it plans to spend $1.7 billion in 2011 on track infrastructure, equipment and facilities.

CN said approximately $1 billion is earmarked for track, rail and bridge improvements and $500 million is budgeted for facilities, such as distribution centres.

Another $200 million will be spent on equipment such as new fuel-efficient locomotives and new freight cars. Over the past five years, CN said it has spent nearly $8 billion on capital improvements.

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