Letters of support included in application for C$250 million infrastructure investment to support economic growth
TORONTO, Jan. 22, 2016 /PRNewswire/ - CN (TSX: CNR) (NYSE: CNI) announced today that it has submitted an application to the Canadian Transportation Agency (CTA) for approval of its proposed logistics hub to be built in Milton, Ont.
The CTA application outlines the infrastructure required for the C$250 million project and the expected economic benefits of the proposed logistics hub:
- With CN's intermodal traffic growing solidly since 2005, the terminal creates more inland freight capacity to better connect domestic and global supply chains linking the West and East coasts in Canada.
- Half of CN's intermodal rail traffic touches the Greater Toronto and Hamilton Area (GTHA), and the Milton Logistics Hub will help CN meet the critical transportation infrastructure needs of a growing region.
- The tracks to be built on CN property adjacent to CN's existing mainline will accommodate the terminal's rail traffic and the 1.7-kilometre private access road to be constructed on CN property will handle terminal truck traffic and avoid truck queuing on public roads.
Letters of support for the project signed by leaders of chambers of commerce, ports, businesses across Canada, and the Mississaugas of the New Credit First Nations are included in the CTA application.
The application for the construction of certain rail lines for the logistics hub is required under the Canada Transportation Act. The application follows CN's filing of a comprehensive environmental impact statement with the Canadian Environmental Assessment Agency.
CN is committed to a full federal review of the project and to active consultation with the community and Aboriginal peoples. The CTA application can be viewed on CN's Milton project Web site.
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