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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of December, 2005
CANADIAN PACIFIC RAILWAY LIMITED
(Commission File No. 1-01342)
CANADIAN PACIFIC RAILWAY COMPANY
(Commission File
No. 1-15272)
(translation of each Registrants name into English)
Suite 500,
Gulf Canada Square, 401 9th Avenue, S.W., Calgary, Alberta, Canada, T2P 4Z4
(address of principal executive offices)
Indicate by check mark whether the registrants file or will file annual reports under cover
Form 20-F or Form 40-F.
Form 20-F o Form 40-F x
Indicate by check mark whether the registrants by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.
Yes o No x
If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): 82-
This Report furnished on Form 6-K shall be incorporated by reference into each of the
following Registration Statements under the Securities Act of 1933 of the registrant: Form S-8 No.
333-127943 (Canadian Pacific Railway Limited), Form S-8 No. 333-13962 (Canadian Pacific Railway
Limited), and Form S-8 No. 333-13846 (Canadian Pacific Railway Limited).
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, each registrant has duly
caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CANADIAN PACIFIC RAILWAY LIMITED
CANADIAN PACIFIC RAILWAY COMPANY
(Registrants)
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Date: December 29, 2005 |
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Signed: Gerald A. Feigel
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By: |
Name: |
Gerald A. Feigel |
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Title: |
Assistant Corporate Secretary |
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Release: Immediate, December 29, 2005
CPR ANNOUNCES PLANNED 2006 CAPITAL INVESTMENT
CALGARY Canadian Pacific Railway (TSX/NYSE: CP) announced today it plans capital investment of
$810 million to $825 million in 2006, a decline from approximately $920 million in 2005 when the
railway carried out its largest capacity expansion program in two decades.
Rob Ritchie, Chief Executive Officer of CPR, said: Our investments in 2006 will take execution of
scheduled operations to a new level of excellence, improve fluidity and service to support growth,
and ensure our customers, neighbours and employees can continue to count on the integrity and
safety of the CPR infrastructure and assets.
The 2006 capital program will be concentrated mainly on track infrastructure, locomotive power,
information technology, and intermodal terminals and other service facilities. This includes
approximately:
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$570 million to maintain and upgrade rail, ballast, crossties and automated signal
systems, and to extend and build sidings, which are used as passing lanes in single-track
areas; |
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$160 million for locomotive maintenance, overhaul and acquisitions, ensuring CPR has
the hauling capacity to meet customer demand and service requirements; |
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$50 million for information technology that will support continued improvement in
executing scheduled railway operations; and |
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$25 million to expand capacity in intermodal terminals and maintain other service
facilities to accommodate growing freight volumes. |
The remainder of the 2006 capital program will support targeted growth opportunities in
higher-yield markets and improved efficiency and productivity.
Note on forward-looking information
This news release contains forward-looking information. Actual future results may differ
materially. The risks, uncertainties and other factors that could influence actual results are
described in CPRs annual report and annual information form, and may be updated in CPRs
consolidated interim financial statements and interim Managements Discussion and Analysis, which
are filed with securities regulators from time to time. However, CPR undertakes no obligation to
update publicly or otherwise revise any forward-looking information, whether as a result of new
information, future events, or otherwise. Financial results in this news release are reported in
Canadian dollars.
Canadian Pacific Railway is a transcontinental carrier operating in Canada and the U.S. Its
14,000-mile rail network serves the principal centres of Canada, from Montreal to Vancouver, and
the U.S. Northeast and Midwest regions. CPR feeds directly into Americas heartland from the East
and West coasts. Alliances with other carriers extend its market reach throughout the U.S. and
into Mexico. Canadian Pacific Logistics Solutions provides logistics and supply chain expertise
worldwide. For more information, visit CPRs website at www.cpr.ca.
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Contacts: |
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Media
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Investment Community |
Len Cocolicchio
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Paul Bell, Vice-President, Investor Relations |
Tel.: (403) 319-7591
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Tel.: (403) 319-3591 |
len_cocolicchio@cpr.ca
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investor@cpr.ca |