CPR Western Capacity Expansion Program on track
02 Settembre 2005 - 6:30PM
PR Newswire (US)
CALGARY, Sept. 2 /PRNewswire-FirstCall/ -- Canadian Pacific
Railway's $160 million Western Corridor Expansion Program is on
track with 70 per cent of the work completed and more than half of
the individual projects concluded. In April, the company announced
25 expansion projects would begin between Moose Jaw, Saskatchewan
and the Port of Vancouver. When all projects are complete, CPR will
be able to run an additional four trains daily between the Prairies
and the Port of Vancouver, a 12-per-cent increase in capacity. The
work involves building and extending sidings, laying sections of
double track, improving signal systems and installing staging
tracks and track-to-track crossovers. The completion of two key
track initiatives in the Kamloops area brings the number of
projects now complete to 14 with the remaining 11 on track for
completion by the end of the company's fourth quarter. Highlighting
the now completed work east of Kamloops is double tracking at
Clanwilliam and Pritchard, which will improve train operations in
this area. Along with other materials required in the project work,
over 3,000 tons of steel rail and more than 80,000 tons of rock
ballast have been used to complete the first 14 projects. CPR is
expanding its capacity to move more bulk commodities and resources
to the Port of Vancouver to meet the demand of Asian markets. CPR
is also moving increasing volumes of finished goods, shipped in
containers arriving from Asia, to consumers in the U.S. and Canada.
CPR's $160-million expansion program this year is in addition to
planned capital investment of approximately $760 million. As well,
CPR has taken other steps to support Canada's economy, including
hiring hundreds of new train crew employees, adding more modern
locomotives and rail cars and undertaking an aggressive track
maintenance program across its system. About Canadian Pacific
Railway Canadian Pacific Railway is a transcontinental carrier
operating in Canada and the U.S. Its 14,000-mile rail network
serves the principal centres of Canada, from Montreal to Vancouver,
and the U.S. Northeast and Midwest regions. CPR feeds directly into
America's heartland from the East and West coasts. Alliances with
other carriers extend its market reach throughout the U.S. and into
Mexico. Canadian Pacific Logistics Solutions provides logistics and
supply chain expertise worldwide. For more information, visit CPR's
website at: http://www.cpr.ca/ DATASOURCE: Canadian Pacific Railway
CONTACT: Contacts: Media: Ed Greenberg, (403) 319-3686, (403)
540-8106 (cell), ; Investors: Paul Bell, Vice-President, Investor
Relations, (403) 319-3591,
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