Significant rail investments follow transport order
Canadian National Railways (CN) and mining company Teck Resources have signed a long-term rail agreement for the shipping of steelmaking coal from Teck’s four B.C. operations between Kamloops and Neptune Terminals (both in Canada) and other west coast ports.
The agreement runs from April 2021 to December 2026 and will enable Teck to significantly increase shipment volumes through an expanded Neptune Terminals. The agreement also provides for investments by CN of more than CAD 125 million to enhance rail infrastructure and support increased shipment volumes to Neptune.
“We expect the agreement and the associated infrastructure investment will lower our total transportation costs and improve overall rail and terminal performance,” said Don Lindsay, president and CEO of Teck. (ben)