BNSF Plans $110 Million Capital Program in Nebraska to Improve and Expand Rail Capacity
BNSF Railway Company (BNSF) plans to invest an estimated $110 million on maintenance and rail capacity expansion projects in Nebraska this year
BNSF's 2013 capacity expansion projects in Nebraska include completing construction of a new bridge over the Missouri River between Plattsmouth, Neb. and Pacific Jct., Iowa; construction of almost a mile of new westbound wye track between the Bellwood and Ravenna subdivisions near Seward, Neb.; improvements to BNSF's car and locomotive shops in Lincoln; and signal upgrades for federally mandated positive train control (PTC).
BNSF will also continue its robust track maintenance program in Nebraska, which will include nearly 3,800 miles of track surfacing and undercutting work, and the replacement of nearly 130 miles of rail and about 115,000 railroad ties.
“BNSF's capital investments in Nebraska will help ensure our network is prepared for growing demand for freight rail,” said Matthew K. Rose, chairman and chief executive officer. “We are focused on investing to meet our customers' expectations and on expanding capacity where growth is occurring. Given the importance of a low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to help Nebraska compete in global markets.”
The planned capital investments in Nebraska are part of BNSF's record 2013 capital commitment of $4.3 billion. The largest component of the capital plan is spending $2.3 billion on BNSF's core network and related assets. BNSF also plans to spend approximately $1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve Nebraska. The program also includes about $200 million for positive train control and $800 million for terminal, line and intermodal expansion and efficiency projects.
Unlike other modes of transportation, U.S. freight railroads use their own private dollars, not tax dollars, to build and maintain their freight rail networks. Since the year 2000, BNSF has invested more than $42 billion to improve and expand its freight rail network.