MONTREAL, Feb. 28, 2014 /CNW Telbec/ - CN (TSX: CNR) (NYSE: CNI) today
closed the sale of a rail line principally used by Agence
métropolitaine de transports (AMT) commuter trains between
Deux-Montagnes and Montreal's Central Station to AMT for C$97 million.
AMT, a government agency that reports to the Quebec Transport Minister,
oversees public transport services in the Greater Montreal area.
AMT is acquiring CN's entire Deux-Montagnes Subdivision, which runs from
St-Eustache to the entrance of Montreal's Central Station, including
the Mount Royal tunnel, a rail corridor of 21 miles in total.
CN will retain freight operating rights over a portion of the line sold
to AMT where freight customers are located.
CN is a true backbone of the economy, transporting approximately C$250
billion worth of goods annually for a wide range of business sectors,
ranging from resource products to manufactured products to consumer
goods, across a rail network spanning Canada and mid-America. CN -
Canadian National Railway Company, along with its operating railway
subsidiaries -- serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and the
metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago,
Memphis, Detroit, Duluth, Minn./Superior, Wis., and Jackson, Miss.,
with connections to all points in North America. For more information
on CN, visit the company's website at www.cn.ca.
SOURCE CN
Media
Mark Hallman
Director
Communications and Public Affairs
(905) 669-3384
Investment Community
Janet Drysdale
Vice-President
Investor Relations
(514) 399-0052
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