
Canadian Pacific Railway announces 2007 planned capital investment
CALGARY – Canadian Pacific Railway plans to spend $885 million to $895 million in 2007 on capital programs.This is an increase from its 2006 program of roughly $845 million. “CPR’s planned capital investments are targeted at further improving the fluidity of our network, while maintaining the reliability and safety of our infrastructure,” said Fred Green, President and Chief Executive Officer. “These investments support our strategic initiatives, our focus on execution excellence and drive to improve CPR’s operating ratio. This capital plan, implemented with the ingenuity of our employees, will keep us on track to become the safest, most fluid railway