By Adriano Marchese


Canadian National Railway Co. plans to invest 430 million Canadian dollars, roughly US$332.8 million, in Ontario in 2022 as it looks to improve growth and capacity in the province.

On Wednesday, the Canadian railroad said the investments in Ontario will be in technology, capacity, rolling stock units as well as a company-wide decarbonisation initiatives and network improvements.

"These investments will power sustainable growth and ensure the continued safe movement of goods in Ontario and everywhere on CN's transcontinental network," the company said.

CN Rail, which has around 2,542 miles of railroad route in the Ontario, has invested more than C$1.4 billion in the province over the last five years and employees over 3,800 people.

Some of the work it has planned include replacing 43 miles of rail, rebuilding road crossing surfaces and maintenance work on bridges, signal systems and other track infrastructure.


Write to Adriano Marchese at adriano.marchese@wsj.com


(END) Dow Jones Newswires

06-22-22 0855ET