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Tuesday, December 08, 2009

UP Arizona, New Mexico projects on hold

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The recession is being blamed for pausing several Union Pacific construction projects across southern Arizona and New Mexico. The projects were meant to increase UP's freight-moving capacity on its main line.

UP gave no definitive time table for when a new yard in Pinal County, Ariz., a new rail facility in Santa Teresa, N.M., and installation of a second set of tracks across Arizona would restart, but expects all projects to proceed when the economy turns around. UP reported a 15-percent down turn in its rail traffic during the third quarter compared to the same time period in 2008.