21 October 2005
Canadian Pacific Railway Supports Federal Government Investment in Pacific Gateway
Canadian Pacific Railway welcomed
the announcement by the Federal Government concerning the Pacific Gateway.
Fred Green, CPR Executive Vice President and Chief Operating Officer,
said: "Today's announcement is a positive development as it reinforces Canada
is moving to take full advantage of the tremendous growth of North America's
trade with Asia. The federal government has recognized its critical
partnership in creating positive economic growth for our country through its
investment in transportation infrastructure."
Green noted today's announcement will help fast-track railway and related
port infrastructure in British Columbia and along the trade route east of
Vancouver that serves critical North American markets.
"The announcement is an encouraging sign to the private sector and offers
the possibility to build upon CPR's investment of $160 million this year to
expand our western track network," Green added. "The federal initiative helps
further strengthen the Pacific Gateway as a key access point for all of North
America. It also complements the Province of British Columbia's efforts to
reinforce the importance of the gateway."
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