FORT WORTH, Texas--()--BNSF Railway Company (BNSF) plans to invest an estimated $86 million on maintenance and rail capacity improvement projects in North Dakota this year.
“BNSF’s investments will improve our ability to provide rail freight services to North Dakota businesses and communities, and will expand opportunities to create more jobs and growth for the North Dakota economy”
As part of its 2012 capital plan, BNSF will be raising the track at Devils Lake that is threatened by rising water. This project is being funded by BNSF, Amtrak and the state of North Dakota.
BNSF will continue its robust track maintenance program in North Dakota, which will include 1,232 miles of track surfacing and undercutting work, the replacement of 67 miles of rail and about 122,000 ties, as well as significant signal upgrades for federally mandated positive train control (PTC).
“BNSF’s investments will improve our ability to provide rail freight services to North Dakota businesses and communities, and will expand opportunities to create more jobs and growth for the North Dakota economy,” said Matthew K. Rose, Chairman and Chief Executive Officer.
The planned capital investments in North Dakota 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 North Dakota. 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.
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. You can learn more about BNSF at www.BNSF.com.