CALGARY, Alta Canadian Pacific Railway 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.
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; and – $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.