2012 Rail Trends - Railway Association of Canada
2012 Rail Trends - Railway Association of Canada
2012 Rail Trends - Railway Association of Canada
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Infrastructure Investment and Productivity<br />
Additions to property<br />
The figure below shows the industry invested<br />
$1.8 billion in additions to property in 2011, a<br />
year-over-year increase <strong>of</strong> 6.5 per cent. Compared<br />
to 10 years ago, Canadian railways committed<br />
80.7 per cent more to capital spending, reflecting<br />
the desire among rail companies to expand<br />
and maintain their network to improve service,<br />
facilitate the movement <strong>of</strong> trade and support<br />
the growth <strong>of</strong> the Canadian economy. The graph<br />
below shows the sector’s additions to property<br />
over the last 10 years.<br />
2,000<br />
ADDITIONS TO PROPERTY (MILLIONS CAD)<br />
1,000<br />
<strong>2012</strong><br />
0<br />
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011<br />
11<br />
Today, rail is experiencing a renaissance. Cities are implementing<br />
LRT systems. Metropolitan areas are expanding the reach <strong>of</strong><br />
commuter rail service. And at VIA <strong>Rail</strong>, we are working at<br />
improving inter-city rail transportation. We strive to have a<br />
positive and meaningful impact on the lives <strong>of</strong> millions <strong>of</strong><br />
Canadians.”<br />
Marc Laliberté<br />
President and Chief Executive Officer, VIA <strong>Rail</strong> <strong>Canada</strong>