FORT WORTH, Texas--(EON: Enhanced Online News)--BNSF Railway Company (BNSF) plans to invest an estimated $80 million on maintenance and rail capacity improvement and expansion projects in Colorado this year.
“Investment in BNSF’s network in Colorado is an investment in Colorado jobs and competitiveness, and will ensure our infrastructure remains strong and efficient to better serve Colorado shippers and the state’s economy”
BNSF’s 2012 capacity enhancement projects in Colorado include construction of a new maintenance of way facility, as well as significant signal upgrades for federally mandated positive train control (PTC).
BNSF will continue its robust track maintenance program in Colorado, which will include 325 miles of track surfacing and undercutting work, and the replacement of 50 miles of rail and about 211,000 ties.
“Investment in BNSF’s network in Colorado is an investment in Colorado jobs and competitiveness, and will ensure our infrastructure remains strong and efficient to better serve Colorado shippers and the state’s economy,” said Matthew K. Rose, Chairman and Chief Executive Officer.
The planned capital investments in Colorado are part of BNSF’s total 2012 capital commitment of $3.9 billion. The largest component of the capital plan is spending $2.1 billion on BNSF’s core network and related assets. BNSF also plans to spend approximately $1.1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve Colorado. The program also includes about $300 million for federally mandated positive train control and $400 million for terminal, line and intermodal expansion and efficiency projects.
U.S. Department of Commerce economic data indicates that every dollar invested in freight railroads yields $3 in economic output and according to a Department of Commerce economic model, every freight rail job supports another 4.5 jobs somewhere else in our economy.
BNSF Railway is one of North America’s leading freight transportation companies operating on 32,000 route miles of track in 28 states and two Canadian provinces. BNSF is one of the top transporters of consumer goods, grain, industrial goods and low-sulfur coal that help feed, clothe, supply, and power American homes and businesses every day. BNSF and its employees have developed one of the most technologically advanced, and efficient railroads in the industry. We work continuously to improve the value of the safety, service, energy, and environmental benefits we provide to our customers and the communities we serve. You can learn more about BNSF at www.BNSF.com.