CHICAGO BNSF Railway Co. plans to invest approximately $220 million on maintenance and rail capacity improvement and expansion projects in Minnesota and Oklahoma.
The capital investments are in addition to the Fort Worth, Texas-based companys planned upgrades on routes through Montana, North Dakota and Washington, which are expected to cost about $460 million (amm.com, Aug. 20).
"We are focused on investing to meet our customers (capacity needs) where growth is occurring," chairman and chief executive officer Matthew K. Rose said in a statement. The goal is for BNSFs services in each state to remain competitive in global markets.
In addition to terminal improvements, greater inspection capabilities and storage capacity, BNSFs $95-million investment in Minnesota will include replacing 55 miles of rail.
BNSFs $125-million investment in Oklahoma will build 3.5 miles of track; extend and construct sidings; build a bypass connection in Tulsa; install connecting railyard tracks; and replace a bridge and 60 miles of rail.
The combined replacement of 115 miles of track in Minnesota and Oklahoma will require at least 11,600 tons of steel rail, as measured by pounds per linear yard.
The projects are part of the companys $4.3-billion capital budget for 2013.