29 December 2005
CP Rail Plans up to $825 mln in 2006 capex
Canadian Pacific Railway said on Thursday it will spend $810 million to $825 million in capital
investment in 2006.
The company said the spending will be focused on track infrastructure, locomotive power, information technology, and intermodal
terminals and other service facilities.
CP Rail will direct $570 million to maintain and upgrade rail, ballast, crossties and automated signal systems; $160 million for
locomotive maintenance, overhaul and acquisitions; $50 million to improve executing scheduled railway operations; and $25 million to
expand capacity.
The total spending allocated for 2006 is down from $920 million in 2005 when CP Rail carried out its largest capacity expansion
program in two decades.
Shares of CP Rail were up 21 Canadian cents, or 0.5 percent, at $49.49 shortly after midday on the Toronto Stock Exchange.
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