CN's $5 billion rail line seen tied to iron-ore rebound [Brotherhood of Locomotive Engineers]

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CN's $5 billion rail line seen tied to iron-ore rebound
(Source: Bloomberg, March 14, 2013)

MONTREAL — Canadian National Railway Co. will revive a proposed C$5 billion ($4.99 billion) rail line in northern Quebec, a region rich in iron ore, once commodity markets recover, its partner in the project said. Last month’s suspension of a feasibility study for the work is only temporary.

Full story: Bloomberg

Friday, March 15, 2013

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