US freight transportation company BNSF Railway has announced investment details about major rail projects that will be undertaken this year in the south, north and central regions to boost its network.
In November last year, BNSF revealed a $6bn capital plan for 2015, the company’s largest planned capital expenditure in its history.
According to the detailed plan, the company’s north region will see an investment of $1.5bn for engineering maintenance and line expansion projects across eight states.
Around $700m of this amount will be used for the expansion of the rail lines and positive train control (PTC) in that region.
The south region will receive approximately $800m across nine states for engineering maintenance and line expansion projects. Roughly $175m of this investment will be allocated for line expansion initiatives and continued implementation of PTC.
BNSF will invest $650m across six states in the central region for engineering maintenance and line expansion projects. Almost $260m out of this investment will be used for line expansion projects and continued implementation of PTC.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
BNSF president and CEO Carl Ice said: "Building on the 2014 capacity increases, we will continue investing in our railroad to make us ever more capable of getting agriculture, energy supplies and a wide range of consumer and industrial products where they want to go."
The company revealed that it has allocated almost $2.9bn to replace and maintain core network and related assets, around $1.5bn on expansion and efficiency projects, nearly $200m for continued implementation of PTC and approximately $1.4bn for locomotives, freight cars and other equipment acquisition.