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3/30/2009
Rail News: Rail Industry Trends
Five 'Pacific Gateway' projects advance in Canada
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The governments of Canada and British Columbia, Port Metro Vancouver, TransLink, local municipalities and private companies recently partnered to invest more than $225 million in five infrastructure improvement projects aimed at enhancing rail and port operations, and advancing Canada's Pacific Gateway.
The projects include one $48.3 million and one $42.7 million grade separation project, an $86.8 million road extension, a $59.2 million road realignment and $25.5 million underpass in or near North Vancouver, B.C. The grade separations involve Canadian Pacific and CN.
"These projects, combined with CN's ongoing investments in its own equipment and facilities, will help make the Pacific Gateway an even more competitive option for the movement of freight into and out of North America,” said Jim Vena, CN’s senior vice president-western Canada, in a prepared statement.
Adds CP SVP of Strategy and Yield Jane O'Hagan: "This is an excellent example of government and the private sector working together to increase our global competitiveness through a world-class port."
In 2006, the Canadian government launched the Asia-Pacific Gateway and Corridor Initiative. Public and private constituents since have partnered to expand and upgrade an integrated network of railways, seaports, airports, roadways and border crossings to foster Canada's Pacific Gateway. The partners are investing $15 billion in the initiative.
The projects include one $48.3 million and one $42.7 million grade separation project, an $86.8 million road extension, a $59.2 million road realignment and $25.5 million underpass in or near North Vancouver, B.C. The grade separations involve Canadian Pacific and CN.
"These projects, combined with CN's ongoing investments in its own equipment and facilities, will help make the Pacific Gateway an even more competitive option for the movement of freight into and out of North America,” said Jim Vena, CN’s senior vice president-western Canada, in a prepared statement.
Adds CP SVP of Strategy and Yield Jane O'Hagan: "This is an excellent example of government and the private sector working together to increase our global competitiveness through a world-class port."
In 2006, the Canadian government launched the Asia-Pacific Gateway and Corridor Initiative. Public and private constituents since have partnered to expand and upgrade an integrated network of railways, seaports, airports, roadways and border crossings to foster Canada's Pacific Gateway. The partners are investing $15 billion in the initiative.
