Canadian National Rail plans C$1.9 bln in capital spending

TORONTO Tue Feb 5, 2013 12:55pm EST

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TORONTO Feb 5 (Reuters) - Canadian National Railway Co said on Tuesday it would invest C$1.9 billion ($1.9 billion) in 2013 to upgrade its rail system, improve service and expand its business.

CN Rail will spend C$1 billion on track infrastructure and C$700 million to expand its business to meet customer needs.

It will spend about C$200 million on acquisitions, including locomotives and intermodal equipment. The company expects to take delivery of 40 new and 37 second-hand locomotives over the next 24 months.

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