BNSF Railway announces $3.4bn investment plan

WCN Editorial Team 24 Jan 2017 NORTH AMERICA TRANSPORT INFRASTRUCTURE

BNSF Railway Company, a freight railroad network in North America, has unveiled a $3.4bn capital expenditure plan for 2017.

The bulk of the investment, worth $2.4bn, will be used to replace and maintain BNSF’s core network and related assets. Work will include the replacement and upgrade of rail, crossties and ballast and maintenance to the railroad’s rolling stock.

Plans also include about 20,000 miles of track surfacing and/or undercutting work as well as the replacement of about 600 miles of rail and about 3M rail ties.

Under the plan, $400M will be used for expansion projects, $100M for the implementation of positive train control, and $400M for locomotives, freight cars and other equipment acquisitions.

The US states on the BNSF network securing the largest investments are Texas, Illinois, Washington, California, Kansas, Missouri, Montana, and Nebraska.

BNSF president and CEO Carl Ice said: “This year’s capital plan ensures we continue to operate a safe and reliable rail network, while capturing the new opportunities our customers will present to us.

“Our ongoing investments, along with the outstanding efforts of our employees, resulted in the lowest number of derailments in company history last year.”

* For more information on the US construction market, visit the Construction Intelligence Center Report Store.

 

With 11 websites and newsletters covering all the key areas within the construction industry, World Construction Industry Network is the leading global construction information resource. READ ABOUT US
PRIVACY POLICY

STAY IN TOUCH!

LATEST TWEETS

World Construction Network | www.worldconstructionnetwork.com is a product of GlobalData. Copyright © 2021 GlobalData. All rights reserved.