CN Announces new $100 million Calgary Logistics Park
CALGARY, Feb. 4, 2010 - CN (TSX: CNR)(NYSE: CNI)
today announced it plans to establish a new $100-million CN Calgary
Logistics Park in Conrich, located in Rocky View County north east
of Calgary.
The 680-acre park is planned to include a state-of-the-art intermodal
terminal with room for customers to co-locate with CN and custom build
their facility in place. The Logistics Park will be designed to include a
multi commodity transload and warehouse facility, an automotive
compound, and a liquid/bulk transload and distribution facility. The
site is strategically located a few miles east of the Calgary Airport,
on Twp Road 250/ McKnight Boulevard, providing fluid access to Stoney
Trail and other major roadways.
"We are very excited about business prospects in Alberta and this
investment in the Calgary area," said Claude Mongeau, CN president and
chief executive officer. This facility is part of our program to grow a
network of logistics parks that provide seamless and efficient
transportation and distribution capabilities for customers, linking
their facilities across North America."
"Combined with CN's superior rail service offering, this is a win-win
combination," said Mongeau.
Calgary is the third largest distribution centre in Canada and is
becoming the logistics hub of Western Canada, serving a rapidly
expanding market. The new site provides ample space for current and
planned customer initiatives, and the park will be designed to allow
easy expansion as the Calgary hub continues to grow.
The new CN Logistics Park will offer the potential for a total
warehousing footprint of over two million square feet to customers who
need to distribute their goods across Western Canada, whether sourced
from Asia through the West Coast or coming from eastern Canada and the
US. CN provides the fastest rail freight transit time between Eastern
and Western Canada, which will allow customers' goods to be on the
shelves within three days, a major advantage in managing inventory
especially in peak season.
"This is an exciting prospect for Rocky View County and ties in well
with our long-term strategic direction," stated the County's Chief
Administrative Officer, Rob Coon. "An investment of this magnitude would
bring substantial benefits to both the County and the Calgary regional
area."
This project will be subject to regulatory approval, including a
thorough environmental assessment and public consultation. With a
scheduled opening expected in 2013, most of CN's Calgary yard operations
will shift to the new Logistics Park. CN will also continue to provide
quality rail service to customers along its existing lines in the City
of Calgary.
Please visit www.cn.ca/calgarypark for a map
of the CN Calgary Logistics Park's location. Read the article
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