Canadian Pacific Railway has revealed plans to invest between $950m and $1.05bn for capital projects in 2011.
Major investment categories include $680m for basic track infrastructure, $200m for productivity initiatives and network enhancements, $80m to upgrade information technology systems, and $40m to address capital regulated by governments, principally train control.
The firm said the capital plan will enable it to meet customer's needs and lower operating ratio to create a stronger franchise for the future.
The 2011 capital plan will further improve shipment reliability and customer service, pursue growth and market-based opportunities, such as transload, intermodal and energy projects.
It will continue to invest in digital railway technologies to boost efficiency, service and rail safety.
