A BNSF surfacing gang at work - Date/Photographer unknown. 5 June 2012 BNSF Plans US$80 Million Capital Program in Arizona to Maintain and Improve Rail Capacity Fort Worth Texas USA - BNSF Railway Company (BNSF) plans to invest an estimated US$80 million on maintenance and rail capacity improvement projects in Arizona this year. BNSF will continue its robust track maintenance program in Arizona, which will include 377 miles of track surfacing and undercutting work, the replacement of 26 miles of rail and about 233,000 ties, as well as signal upgrades for federally mandated positive train control (PTC). "BNSF's investments will improve our ability to provide rail freight services to Arizona businesses and communities, and will expand opportunities to create more jobs and growth for the Arizona economy," said Matthew K. Rose, Chairman and Chief Executive Officer. The planned capital investments in Arizona are part of BNSF's total 2012 capital commitment of US$3.9 billion. The largest component of the capital plan is spending US$2.1 billion on BNSF's core network and related assets. BNSF also plans to spend approximately US$1.1 billion on locomotive, freight car, and other equipment acquisitions, many of which will serve Arizona. The program also includes about US$300 million for federally mandated positive train control and US$400 million for terminal, line, intermodal expansion and efficiency projects. Author unknown. |