The CN Tower (Tour CN) is a concrete communications and observation tower located in Downtown Toronto, Ontario, Canada. Built on the former Railway Lands, it was completed in 1976. Its name "CN" originally referred to Canadian National, the railway company that built the tower. Following the railway's decision to divest non-core freight railway assets prior to the company's privatization in 1995, it transferred the tower to the Canada Lands Company, a federal Crown corporation responsible for real estate development. The CN Tower held the record for the world's tallest free-standing structure for 32 years until 2007 when it was surpassed by the Burj Khalifa and was the world's tallest tower until 2009 when it was surpassed by the Canton Tower. It is now the ninth tallest free-standing structure in the world and remains the tallest free-standing structure on land in the Western Hemisphere. In 1995, the CN Tower was declared one of the modern Seven Wonders of the World by the American Society of Civil Engineers. It also belongs to the World Federation of Great Towers. It is a signature icon of Toronto's skyline and attracts more than two million international visitors annually.