14 December 2006
Canadian Pacific Railway Announces 2007 Planned Capital Investment
Canadian Pacific Railway container train departs
Vancouver.
Calgary Alberta - Canadian Pacific Railway announced
today it plans to spend $885 million to $895 million in 2007 on capital programs. This is an increase from its 2006 program of
approximately $845 million.
"CPR's planned capital investments are targeted at further improving the fluidity of our network, while maintaining the
reliability and safety of our infrastructure," said Fred Green, President and Chief Executive Officer. "These investments
support our strategic initiatives, our focus on execution excellence and drive to improve CPR's operating ratio. This capital plan,
implemented with the ingenuity of our employees, will keep us on track to become the safest, most fluid railway in North
America."
2007 investment will focus on track infrastructure, locomotive power, information technology, land, and commercial and other service
facilities. This includes approximately:
- $40 million to maintain and increase capacity in automotive and intermodal terminals, to support continued market growth;
- $150 million for locomotive acquisitions, overhauls and fuel saving modifications, ensuring CPR has the most efficient hauling
capacity to meet customer demand and service requirements;
- $60 million for information technology to improve the systems that manage railway operations and customer shipments;
- $625 million to maintain and upgrade rail, ballast, crossties and automated signal systems, buildings and equipment, to extend
and build sidings, which are used as passing lanes in single-track areas, and for land acquisitions for future
development in strategic locations across the network.
The remainder of the 2007 capital program will be primarily directed towards modifications and upgrades to the freight car fleet to
more closely align with customer requirements.
Canadian Pacific Railway, through the ingenuity of its employees located across Canada and in the United States, intends to be the
safest and most fluid railway in North America. Our people are the key to delivering innovative transportation solutions to our
customers and to ensuring the safe operation of our trains through the more than 900 communities where we operate. Our combined
ingenuity makes CPR a better place to work, rail a better way to ship, and North America a better place to live. Come and visit us at
cpr.ca to see how we can put our ingenuity to work for
you.
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