February 9, 2011 / 7:27 PM / 7 years ago

UPDATE 1-CN Railway to spend C$1.7 bln on capital projects

OTTAWA, Feb 9 (Reuters) - Canadian National Railway Co (CNR.TO) (CNI.N), Canada’s biggest rail carrier, said on Wednesday it plans to spend C$1.7 billion ($1.71 billion) in 2011 on track infrastructure, equipment and facilities.

CN said about C$1 billion is earmarked for track, rail and and bridge improvements and C$500 million is budgeted for facilities, such as distribution centers.

About C$200 million will be spent on equipment such as new fuel-efficient locomotives and new freight cars.

Over the past five years, CN said it has spend nearly C$8 billion on capital improvements.

$1=$0.99 Canadian Reporting by Susan Taylor; editing by Peter Galloway

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