Tuesday, October 01, 2013

BNSF’s capital plans call for New Mexico improvements

BNSF plans to invest an estimated $90 million on track and rail capacity improvement projects in New Mexico this year.

 

BNSF will make signal improvements to five mainline tracks through the Belen Terminal and add a locomotive servicing pit to the yard at Belen. BNSF will also continue its track improvement program in New Mexico, which will include 2,100 miles of track surfacing and undercutting work, the replacement of about 160 miles of rail and more than 170,000 crossties, as well as PTC-related signal upgrades.

"BNSF's capital investments in New Mexico will help ensure our network is prepared for growing demand for freight rail," said Matthew Rose, chairman and chief executive officer. "We are focused on investing to meet our customers' expectations and on expanding capacity where growth is occurring. Given the importance of a low cost supply chain to the U.S. economy, our privately funded rail infrastructure is well positioned to help New Mexico compete in global markets."

The planned capital investments in New Mexico are part of BNSF's record 2013 capital commitment of $4.3 billion. The largest component of the capital plan is spending $2.3 billion on BNSF's core network and related assets. BNSF also plans to spend approximately $1 billion on locomotive, freight car and other equipment acquisitions, many of which will serve New Mexico. The program also includes about $200 million for positive train control and $800 million for terminal, line and intermodal expansion and efficiency projects.

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