CN said it plans to invest approximately $60 million across Louisiana in 2020 and $50 million in Mississippi.
The announcement comes after a similar announcement for spending in Michigan and Wisconsin.
Louisiana by the Numbers:
- Replacement of 6 miles of rail
- Installation of over 20,000 new railroad ties
- Rebuilds of 21 road crossing surfaces
- Maintenance work on bridges, level crossings, culverts, signal systems and other track infrastructure
- Capital investments: More than $ 280 million in the last five years
- Employees: approximately 328
- Railroad route miles operated: 227
- Community partnerships: $65,000 in 2019
- Local spending: $28 million in 2019
- Cash taxes paid: $6 million in 2019
“Every economic recovery is enabled by robust infrastructure investments and open access to markets,” Louisiana Gov. John Bel Edwards said in a news release. “That is why CN’s more than $280 million of private capital investment in Louisiana over the last five years will enable US products to find global markets to drive a quick economic rebound.”
Mississippi by the Numbers:
- Replacement of 12 miles of rail
- Installation of over 125,000 new railroad ties
- Rebuilds of 31 road crossing surfaces
- Maintenance work on bridges, level crossings, culverts, signal systems and other track infrastructure
- Capital investments: More than $365 million in the last five years
- Employees: approximately 459
- Railroad route miles operated: 575
- Community partnerships: $115,000 in 2019
- Local spending: $78 million in 2019
- Cash taxes paid: $15 million in 2019
“Sustained, long term investment in infrastructure is the key to keeping Mississippi poised for a rapid economic recovery,” Southern District Transportation Commissioner at the Mississippi Department of Transportation Tom King said in a news release. “With this announcement, CN will have contributed more than $350 million to its rail network in our state in the last five years.”
