BNSF plans $80 million capital program in New Mexico for 2018
Date Mar 1, 2018
ALBUQUERQUE, March 1, 2018 – BNSF Railway Company (BNSF) today announced that its 2018 capital expenditure program in New Mexico will be approximately $80 million. Roughly half of this year’s plan in New Mexico is focused on maintenance projects to ensure BNSF continues to operate a safe and reliable rail network and includes replacing and upgrading the main components for the tracks on which BNSF trains operate including rail, rail ties and ballast. The remainder of the plan in New Mexico will go toward track expansion projects, including one on the Gallup Subdivision.
Between Belen and Dalies, BNSF will begin a two-year project to construct 10 miles of third main line to enhance capacity along the Southern Transcon route. The 2018 maintenance program in New Mexico includes approximately 1,600 miles of track surfacing and/or undercutting work as well as the replacement of nearly 15 miles of rail and more than 110,000 ties. BNSF has invested approximately $545 million to expand and maintain its network in the state over the past five years.
“The Southern Transcon is the rail equivalent of a superhighway, making it an ideal route for high-priority, containerized traffic. The construction of the third main line between Belen and Dalies as well as scheduled maintenance activities for 2018 show our dedication to our customers to provide a safe, efficient and reliable network,” said Keary Walls, general manager of operations, Southwest Division.
The 2018 planned capital investments in the state are part of BNSF’s $3.3 billion network-wide capital expenditure program announced last month. These investments include $2.4 billion to replace and maintain core network and related assets, approximately $500 million for expansion and efficiency projects and $100 million for continued implementation of Positive Train Control (PTC). Another element of its capital plan will be $300 million for freight cars and other equipment acquisitions.
BNSF Railway is one of North America’s leading freight transportation companies. BNSF operates approximately 32,500 route miles of track in 28 states and also operates in three Canadian provinces. BNSF is one of the top transporters of consumer goods, grain and agricultural products, low-sulfur coal, and industrial goods such as petroleum, chemicals, housing materials, food and beverages. BNSF’s shipments 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.