US-based railroad operator Union Pacific is planning to invest $15m to improve transportation infrastructure in Missouri.
The amount will be used to replace nearly 24 miles of rail and install eight switches on a rail line between the Missouri/Iowa border and Trenton.
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Funded entirely by the company without taxpayer dollars, the project is scheduled to be completed in mid-August.
Additionally, crews will be responsible to repair the surfaces at 37 road crossings in the region.
The project is part of the company’s aim to help improve train operating efficiency, reduce motorist wait times at crossings and enhance safety across its 32,000-mile network this year.
Union Pacific northern region public affairs vice-president Donna Kush said: "Union Pacific helps businesses connect with consumers, suppliers and markets across the nation and around the world.
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By GlobalData"In addition to helping move our customers’ goods safely and efficiently, our investments support communities by reducing traffic congestion, facilitating industrial development and promoting economic expansion."
This year, the company plans to invest $66m to improve Missouri’s transportation infrastructure.
The company’s planned investment in the state covers a range of initiatives, including $48m to maintain railroad track, $8m to improve signal systems and $10m to maintain or replace bridges.
The company will invest $4.2bn across its network this year, following investments totalling more than $31bn between 2005 and 2014.
