OTTAWA (dpa-AFX) - Canadian Pacific Railway Limited (CP, CP.TO) announced that, as part of its Multi-Year Plan, it will invest between $1.1 billion and $1.2 billion for infrastructure renewal, network enhancements and expansion projects in 2012. Fred Green, CP President & CEO, said ' We are confident that the investments we are making under our 2012 Capital Plan will allow us to achieve a low 70s operating ratio in the next three years.' The Major investment categories include: $800 million to preserve existing capacities through replacement or renewal of depleted assets; $275 million for network capacity expansions, business development projects and productivity initiatives; and $50 million to address capital regulated by governments, principally train control.
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