USD 3.57 billion is the 2019 capital investment plan announced by BNSF Railway Company, which is largest than the previous USD 3.4 billion capital programme. The investment will allow BNSF to continue the maintenance and expansion works.
“Our rail network is in excellent shape and its condition is a direct result of our continued capital investments. We work tirelessly to provide the level of service our customers expect and to position ourselves well for future growth opportunities,” Carl Ice, BNSF CEO said.
This year, USD 2.47 billion will be invested for rail maintenance works, largely consist of replacing and upgrading rail as well as track infrastructure like ballast and rail ties, which are the main components for the tracks on which BNSF trains operate and maintaining its rolling stock. It will include over 19,000 km of track surfacing and/or undercutting work and the replacement of 860 km of rail and nearly 2.3 million rail ties.
Approximately USD 760 million of this year’s capital plan has been allocated for expansion and efficiency projects. A majority of the expansion projects are planned on the Northern and Southern Transcon routes, connecting Southern California with Chicago and the Pacific Northwest to Upper Midwest respectively. About USD 340 million is for freight cars, locomotives, and other equipment acquisitions.
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