CN to build $100-million Calgary Logistics Park

CN 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."

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 more than 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 U.S. 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 rail service to customers along its existing lines in the
City of Calgary.