CN now has agreements with 18 communities along the EJ&E
CHICAGO, IL, Sept. 14 /CNW Telbec/ - CN (TSX: CNR)(NYSE: CNI) announced
today a voluntary mitigation agreement (VMA) with the Village of Hawthorn
Woods, Ill., located approximately 40 miles northwest of downtown Chicago,
that addresses the municipality's environmental issues with CN's acquisition
of the principal lines of the former Elgin, Joliet and Eastern Railway Company
(EJ&E). CN completed the acquisition on Jan. 31, 2009, and is running trains
over the line.
CN will provide funding for a number of initiatives, including the
maintenance of an existing quiet zone, noise mitigation, emergency response
training, pedestrian crossing protection and traffic signals.
CN now has VMAs with 18 municipalities, more than half of the 33 villages
and municipalities along the EJ&E in Illinois and Indiana.
Jim Vena, CN senior vice-president, Southern Region, said: "CN is pleased
to have reached this agreement with Hawthorn Woods, which reflects CN's
ongoing commitment to mitigate the impact of its EJ&E acquisition on
communities along the line. We will continue to work closely with all
communities as we move forward with the integration of the EJ&E into CN's rail
network and complete planned infrastructure improvements."
Hawthorn Woods Mayor Joseph Mancino said: "The Hawthorn Woods Village
Board carefully weighed the merits of the agreement negotiated by our
representatives and CN and concluded it is in the best interests of the
municipality to work on mitigation efforts immediately. The agreement will
address the community impact of CN's acquisition of the EJ&E, thus
safeguarding the quality of life in the village. In the months and years
ahead, we will maintain a close dialogue with CN as it proceeds to integrate
the railroad into its operations."
CN expects that full integration of the CN and EJ&E networks will be
accomplished within three years, and it will communicate changes in a timely
manner to the communities affected by the acquisition.
More information
(http://www.cn.ca/en/company-proposed-aquisition-eje-rail-lines.htm) on the
acquisition, including a map of the areas served by the EJ&E and CN, is
available on CN's website, www.cn.ca.
Forward-Looking Statements
This news release contains forward-looking statements. CN cautions that,
by their nature, forward-looking statements involve risk, uncertainties and
assumptions. Implicit in these statements, particularly in respect of
long-term growth opportunities, is the Company's assumption that such growth
opportunities are less affected by the current situation in the North American
and global economies.