Ties Weekly Update #33

9 December, 2004

ALL TIE PROJECTS COMPLETED ON TIME!!

As of December 9th, 2004, we have installed just over the 245,000 that we had originally scheduled for installation in the 2004 season.

The last two projects were completed over the course of the last week and although there will be a few ties installed in some small projects that are remaining, the major tie projects for 2004 are now 100% completed.

Preparations are now being made for the 2005 and beyond tie programs, as well as all of the other capital programs on both properties. Preliminary figures indicate we should be installing somewhere in the vicinity of 125,000 ties for the 2005 year.