BNSF Railway Co. on Thursday announced plans to invest about $110 million this year in maintenance and rail capacity expansion projects in Nebraska.
The Berkshire Hathaway-owned railroad’s investment in Nebraska’s network will help ensure the railroad is prepared for more demand, BNSF Chairman and CEO Matthew Rose said in a statement.
The money will go toward completing a bridge over the Missouri River between Plattsmouth and Pacific Junction, Iowa; construction of about a mile of westbound wye track near Seward; improvements to BNSF’s car and locomotive shops in Lincoln; and signal upgrades for the federally mandated technology positive train control, or PTC.
It will also go toward maintaining nearly 3,800 miles of track surfacing and undercutting work and replacing nearly 130 miles of rail and 115,000 railroad ties.
BNSF also plans to invest $35 million this year in Iowa, which is part of the railroad’s total 2013 capital investment of $4.3 billion, a record for the company.
Rose said BNSF is focused on meeting customers’ expectations and expanding capacity where growth is happening.
“Given the importance of a low-cost supply chain to the U.S. economy,” he said, “our privately funded rail infrastructure is well-positioned to help Nebraska compete in global markets.”
Omaha-based Union Pacific’s 2013 capital investment numbers aren’t yet available, but last year the company spent about $303 million in Nebraska and $3.7 billion total on its network.
The Omaha World-Herald Co. is owned by Berkshire Hathaway Inc.