Canadian Pacific Railway supports federal government investment in Pacific Gateway
21 Ottobre 2005 - 8:30PM
PR Newswire (US)
CALGARY, Oct. 21 /PRNewswire-FirstCall/ -- Canadian Pacific Railway
(TSX/NYSE: CP) welcomed the announcement by the Federal Government
concerning the Pacific Gateway. Fred Green, CPR Executive Vice
President and Chief Operating Officer, said: "Today's announcement
is a positive development as it reinforces Canada is moving to take
full advantage of the tremendous growth of North America's trade
with Asia. The federal government has recognized its critical
partnership in creating positive economic growth for our country
through its investment in transportation infrastructure." Green
noted today's announcement will help fast-track railway and related
port infrastructure in British Columbia and along the trade route
east of Vancouver that serves critical North American markets. "The
announcement is an encouraging sign to the private sector and
offers the possibility to build upon CPR's investment of $160
million this year to expand our western track network," Green
added. "The federal initiative helps further strengthen the Pacific
Gateway as a key access point for all of North America. It also
complements the Province of British Columbia's efforts to reinforce
the importance of the gateway." 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 centers 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. DATASOURCE: Canadian Pacific
Railway CONTACT: Ed Greenberg, (403) 319-3686, (403) 540-8106
(cell),
Copyright