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

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Railway Association of Canada

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