Railways Budget Response



    OTTAWA, March 19 /CNW Telbec/ - Canada's railways welcomed the federal
government's continued budget support for gateway spending to help cope with
the growth in international and continental trade, but were disappointed by
the lack of movement on Capital Cost Allowances.
    Cliff Mackay, President and CEO of the Railway Association of Canada said
being able to depreciate their locomotives and freight cars sooner, as
recommended by the Industry Committee, would have made it possible for
railways to modernize their fleets faster with more environmentally-friendly
equipment. CCA rates for rail are 15 per cent, 25 per cent for aircraft,     
33 per cent for ships and 40 per cent for trucks.




For further information:

For further information: Media Contact: Roger Cameron, Railway
Association of Canada, (613) 564-8097, www@railcan.ca

Organization Profile

Railway Association of Canada

More on this organization

FEDERAL BUDGET REACTION 2007

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890