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Canadian Pacific and Manitoba Government Announce Signing of Collaboration Agreement - North American railroad Canadian Pacific (TSX: CP)(NYSE: CP) and the Province of Manitoba today announced the signing of a 10-year memorandum of agreement to help improve the efficiency and effectiveness of the overall transportation system in Manitoba
Canadian Pacific and Manitoba Government Announce Signing of Collaboration Agreement

 

PRZOOM - /newswire/ - Winnipeg, Manitoba, Canada, 2011/12/15 - North American railroad Canadian Pacific (TSX: CP)(NYSE: CP) and the Province of Manitoba today announced the signing of a 10-year memorandum of agreement to help improve the efficiency and effectiveness of the overall transportation system in Manitoba. TSX, NYSE: CP

   
 
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The agreement sets the framework for the Province of Manitoba and CP to further develop their collaborative relationship to enable long-term rail and road planning for the City of Winnipeg, rural municipalities, and elsewhere in the province to proactively mitigate road and rail proximity issues, improve the efficiency of the overall supply chain, and identify opportunities and actions to support future growth.

"Canadian Pacific is focused on continuously improving service reliability, asset velocity and productivity," said CP's Jane O'Hagan, Executive Vice-President Marketing and Sales and Chief Marketing Officer. "This agreement extends the supply chain to include government. We applaud the Province of Manitoba for their vision in supporting a competitive, multi-modal transportation system."

"CP is an important supply chain partner for many shipping companies in Manitoba and we look forward to implementing this MOU to extend our collaborative relationship with CP in planning our future infrastructure and service needs," said Steve Ashton, Minister of Manitoba Infrastructure and Transportation. "CP is also a critical stakeholder in Manitoba's International Gateway Strategy of which the new inland port, CentrePort Canada, is a feature development to leverage our world class transportation infrastructure and services for growing Manitoba's economy."

The 10-year collaboration agreement also calls for long term plans to incorporate rail transportation logistics for the growth of CentrePort Canada, in Winnipeg.

This is the eighth collaboration/service level agreement recently completed between CP and supply chain partners.

About Canadian Pacific

Canadian Pacific (cpr.ca) operates a North American transcontinental railway providing freight transportation services, logistics solutions and supply chain expertise. Incorporating best-in-class technology and environmental practices, CP is re-defining itself as a modern 21st century transportation company built on safety, service reliability and operational efficiency.

Contact:
Janet Weiss, Investment Community
T: 403-319-3591 / E: investor[.]cpr.ca.

Province of Manitoba:
Rachel Morgan, Cabinet Communications / 204-945-1494

 
 
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Agency / Source: Canadian Pacific Railway

 
 

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Canadian Pacific and Manitoba Government Announce Signing of Collaboration Agreement

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Canadian Pacific |
Contact: Ed Greenberg - CPR.ca 
612-904-6180 ed_greenberg[.]cpr.ca
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Canadian Pacific Railway securities in any jurisdiction including any other companies listed or named in this release.

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