US-based railroad operator Union Pacific is planning to invest $72m to improve transportation infrastructure in Louisiana.
The company’s investment will improve employee, community and customer safety, as well as increase rail operating efficiency.
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Private investments in Union Pacific sustain jobs and ensure the company meets growing demand for products used in the resurgent American economy.
The planned investment covers a range of initiatives, including $67m to maintain railroad track, $1m to improve signal systems and $2m to maintain or replace bridges.
Other major projects include investing $11m in the rail line between Columbia and Pollock to replace 22 miles of rail and repair the surfaces at 21 road crossings, $8m in the rail line between Fordoche and Morrow to replace 22 miles of rail and repair the surfaces at 12 road crossings.
The company invested more than $568m between 2010 and 2014 in order to strengthen Louisiana’s transportation infrastructure.
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By GlobalDataUnion Pacific Southern Region Public Affairs vice-president Brenda Mainwaring said: "We constantly evaluate our customers’ needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily.
"Continuing to aggressively invest in our infrastructure is an important element in Union Pacific’s unwavering safety commitment."
The company intends to invest $4.2bn across its network this year, following investments totalling more than $31bn from between 2005 and 2014.
