US-based railroad operator Union Pacific is planning to invest $66m and $41m this year to improve transportation infrastructure in Missouri and Colorado respectively.
The investment will improve employee, community and customer safety, as well as increase rail operating efficiency.
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The company’s planned investment in Missouri covers a range of initiatives, including approximately $48m to maintain railroad track, $8m to improve signal systems and $10m to maintain or replace bridges in the state.
Of the total funding, $12.2m will be used in the rail line between Marshall and near Jefferson City to replace 82,600 railroad ties and install 46,000t of rock ballast, additionally crews will repair the surfaces at 84 road crossings.
Other projects include investing $9.7m in the rail line between St. Louis and near Grey Summit to replace 61,300 railroad ties and install 31,600t of rock ballast, as well as $6.9m in the rail line between Kansas City and near the Missouri/Kansas border to replace 47,000 railroad ties and install 23,300t of rock ballast.
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From 2010 to 2014, the company had invested nearly $402m strengthening Missouri’s transportation infrastructure.
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By GlobalDataIn Colorado, the $34m will be used to maintain railroad track, $860,000 to enhance signal systems and roughly $6m to maintain or replace bridges in the state.
Projects planned this year in Colorado include $20.5m investment in the rail line between Dotsero and near Palisade to replace 141,300 railroad ties, install 53,000t of rock ballast and replace more than three miles of rail in various curves.
About $2.7m will be spent in the rail line between Denver and near Phippsburg to replace more than four miles of rail in various curves.
Union Pacific Northern Region Public Affairs vice-president Donna Kush 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.
