Rail operating company Union Pacific is set to invest nearly $49m for the development of railway infrastructure across Missouri this year, in a bid to improve passenger safety.
The company intends to fund multiple initiatives as part of this programme, including the allocation of $43m to maintain railroad track and $3m to maintain bridges in Missouri.
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Union Pacific will also invest $12m to upgrade the rail line between Labadie and Chamois, which will also involve the replacement of 92,174 railroad ties and installation of 34,481t of rock ballast.
Additionally, rail line between Mineral Point and Annapolis will receive a $7m investment to replace 57,489 railroad ties and install 42,462t of rock ballast.
The various projects are expected to improve the state’s overall transportation infrastructure.
Union Pacific public affairs, Northern Region vice president Donna Kush said: “Union Pacific's targeted investments fund projects that strengthen our railroad tracks, increase safety and minimise delays as trains travel through communities across Missouri.
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By GlobalData“Maintaining a healthy railroad is the foundation of our ability to serve customers and communities across the state.”
The latest investment is part of the the company’s ongoing Missouri-based investment strategy, which saw more than $319m allocated to develop the state’s transportation infrastructure from 2012 to 2016.
Union Pacific plans to invest a further $3.1bn across its network this year.
Union Pacific Railroad is an operating company of Union Pacific Corporation, and provides rail connections across 23 states in the western two-thirds of the US.
Image: Union Pacific Center in downtown Omaha. Photo: courtesy of Scott Redd.
