BNSF plans $92 million capital program in Oklahoma to
maintain and improve rail capacity
FORT WORTH,
TEXAS, June 27, 2012 – BNSF Railway Company (BNSF) plans to invest an
estimated $92 million on maintenance and rail capacity improvement projects in
Oklahoma this year.
BNSF will continue its robust track maintenance program
in Oklahoma, which will include 667 miles of track surfacing and undercutting
work, the replacement of 29 miles of rail and about 196,000 ties, as well as
significant signal upgrades for the federally mandated positive train control
(PTC).
“Investment
in BNSF’s network in Oklahoma is an investment in Oklahoma jobs and
competitiveness, and will ensure our infrastructure remains strong and
efficient to better serve Oklahoma shippers and the state’s economy,” said
Matthew K. Rose, Chairman and Chief Executive Officer.
The planned capital investments in Oklahoma are part
of BNSF’s total 2012 capital commitment of $3.9 billion. The largest component
of the capital plan is spending $2.1 billion on BNSF's core network and related
assets. BNSF also plans to spend approximately $1.1 billion on locomotive,
freight car and other equipment acquisitions, many of which will serve Oklahoma.
The program also includes about $300 million for federally mandated positive
train control and $400 million for terminal, line and intermodal expansion and
efficiency projects.
U.S. Department of Commerce economic data indicates
that every dollar invested in freight railroads yields $3 in economic output
and according to a Department of Commerce economic model, every freight rail
job supports another 4.5 jobs somewhere else in our economy.
About BNSF
BNSF Railway is one of North America’s leading
freight transportation companies operating on 32,000 route miles of track in 28
states and two Canadian provinces. BNSF is one of the top transporters of
consumer goods, grain, industrial goods and low-sulfur coal that help feed,
clothe, supply, and power American homes and businesses every day. BNSF and its
employees have developed one of the most technologically advanced, and
efficient railroads in the industry. We work continuously to improve the value
of the safety, service, energy, and environmental benefits we provide to our
customers and the communities we serve.
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