Key Takeaways
- CN will invest approximately $290 million CAD in Saskatchewan in 2025 as part of its capital investment program.
- The funding will support track maintenance and strategic infrastructure initiatives, especially for the grain and fertilizer sectors.
- The 2025 investment nearly doubles CN’s 2024 Saskatchewan expenditure of $160 million CAD.
- Saskatchewan government officials welcomed the investment, highlighting its importance to the province’s export-driven economy.
- The company employs over 1,150 people and operates nearly 1,850 route miles of railroad in Saskatchewan.
CN Unveils 2025 Infrastructure Plans for Saskatchewan
CN (TSX: CNR) (NYSE: CNI) announced today that it plans to invest approximately $290 million CAD in Saskatchewan in 2025 to enhance rail infrastructure and maintenance. This investment is part of the company’s broader capital investment program and will focus on projects that benefit the region’s agricultural supply chain and overall freight movement.
The investment is aimed at supporting the safe and efficient transportation of goods while facilitating long-term economic growth within the province and across CN’s broader rail network.
CN’s Saskatchewan Investment Targets Agriculture and Efficiency
The 2025 investment by CN will include major projects to support grain and fertilizer transportation, strengthening ties with agricultural industry partners. According to the company, the upgrades will not only improve the resiliency of the network but also ensure a higher standard of service to customers.
Tracy Robinson, President and CEO of CN, stated: “Our continued infrastructure investment in Saskatchewan will help strengthen the resiliency, and efficiency of our network across the province. Our focus remains on providing exceptional service to our customers and supply chain partners.”
Government of Saskatchewan Supports Infrastructure Expansion
The Saskatchewan government welcomed the commitment from CN, emphasizing the critical role of rail in the province’s logistics and export sectors.
David Marit, Minister of SaskBuilds and Procurement, commented: “We thank CN for their commitment to improving the rail system in Saskatchewan. Rail transportation is an essential part of getting Saskatchewan’s food, fuel and fertilizer to more than 160 countries around the globe.”
This investment aligns with Saskatchewan’s goal of maintaining a dependable and timely delivery system for its producers.
CN 2024 Contributions and Local Impact in Saskatchewan
In 2024, CN invested approximately $160 million CAD in Saskatchewan, including:
- $6.7 million in shared grade crossing upgrades.
- $3 million in infrastructure improvements at CN’s Melville railyard.
Other 2024 figures for Saskatchewan include:
- Employees: ~1,152
- Railroad route miles operated: 1,845
- Community investments: $670,000
- Local spending: $117 million
- Cash taxes paid: $105 million
