BNSF Railway Company is set to invest $3.3bn under its capital investment plan for 2018, which includes network maintenance works and a series of expansion projects.
The plan features a maintenance budget of $2.4bn, which will primarily be used to replace and upgrade rail, rail ties and track ballast, as well as the maintenance of the company’s rolling stock.
Furthermore, the maintenance component is set to include nearly 13,000 miles of track surfacing and undercutting work, in addition to the replacement of roughly 500 miles of rail and 3 million rail ties.
BNSF is anticipated to spend around $500m in support of expansion and efficiency projects, which will mostly be located along its Southern and Northern Transcon routes.
The company has also provided additional $100m for positive train control implementation works.
The final component of the capital plan was allocated $300m and will be used for the acquisition of freight cars and other equipment.
BNSF president and CEO Carl Ice said: “Every year, we work to ensure our capital investment plan enables us to continue to operate a safe and reliable rail network, as well as anticipates the needs of our customers.
“Our attention to safety and service, along with our investments in our network, provide a solid foundation for our ability to grow with our customers today and in the future.”
BNSF has invested more than $60bn in its network since 2000 in order to ensure safety, optimise efficiency and fulfill customer expectations.
The company announced a $3.3bn capital programme last year too.