BNSF plans to invest estimated US$30M on maintenance and rail capacity improvement projects in South Dakota this year, including expansion of rail sidings to increase rail capacity
FORT WORTH, Texas
May 25, 2012
– BNSF Railway Company (BNSF) plans to invest an estimated $30 million on maintenance and rail capacity improvement projects in South Dakota this year.
BNSF's 2012 capacity enhancement projects in South Dakota include expansion of rail sidings to increase rail capacity, as well as signal upgrades.
BNSF will also continue its robust maintenance program in South Dakota, which will include 676 miles of track surfacing and undercutting work, and the replacement of 28 miles of rail and about 121,000 ties.
"BNSF's investments will improve our ability to provide rail freight services to South Dakota businesses and communities, and will expand opportunities to create more jobs and growth for the South Dakota economy," said Matthew K. Rose, Chairman and Chief Executive Officer.
The planned capital investments in South Dakota 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 South Dakota. The program also includes about $300 million for federally mandated positive train control (PTC) 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.