President, CEO Claude Mongeau Says CN's Alberta Short-line Rail Acquisitions and Upgrades Total C$400 million

Claude Mongeau, president and chief executive officer of CN CNI, said today the company will have invested almost C$400 million to buy and rehabilitate four short-line railways serving resource-rich regions of northern Alberta by year-end 2011. "CN has stepped up to the plate in Alberta with sizable rail infrastructure investments," Mongeau told the Edmonton Chamber of Commerce today. "Since 2006, we've purchased four rail short lines that are key to economic growth and prosperity in northern Alberta and have spent significant sums to maintain and improve them.