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The federal government, Canadian National Railway Co. and the body that oversees trade through Canada’s busiest port have signed an agreement allowing CN to build a second track to move more cargo and increase trade through Vancouver’s harbour.

CN says the project is part of a long-term strategy to double-track a four-kilometre section of rail that links expanding import and export terminals on the south shore of Burrard Inlet to the company’s national network.

It says in a release that the deal involving the Vancouver Fraser Port Authority would meet the country’s demand for imported goods from Asia while increasing Canadian export capability.

CN president Jean-Jacques Ruest says the project is a signal to international partners that trade represents an important part of the national economy.

The port authority’s president Robin Silvester says over the next decade a large group of projects, including road and rail infrastructure beyond the port, will help ease the impact of growing trade on local communities.

A timeline for construction and completion of the project has not yet been determined.

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Canadian National Railway Co.
-0.15%178.37

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