Canadian National Railway outlines $2.9-billion spending plan for 2016, about half on track infrastructure

MONTREAL — Canadian National Railway says it plans to spend $2.9 billion this year to improve its efficiency, support long-term growth and strengthen safety.

CN’s capital budget for 2016 includes $1.5 billion for track infrastructure.

That includes rail replacement, bridge improvements and branch line upgrades.

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CN can also be budgeting $600 million on its number of railcars and 90 new locomotives.

The Montreal-based company also intends to spend $400 million on productivity and service improvements along with a further $400 million to begin installing new technology on portions of its U.S. rail network.