BNSF Railway, one of North America’s largest freight lines, plans to invest $3.3 billion as part of its 2018 capital investment plan, which would be used to maintain and expand the rail network.
The railroad has invested more than $60 billion since 2000. It also invested $3.3 billion in 2017.
“Every year we work to ensure our capital investment plan enables us to continue to operate a safe and reliable rail network as well as anticipates the needs of our customers,” Carl Ice, BNSF president and chief executive officer, said. “Our attention to safety and service, along with our investments in our network, provide a solid foundation for our ability to grow with our customers today and in the future.”
A total of $2.4 billion of this year’s plan will be used for maintenance. Projects include resurfacing approximately 13,000 miles of track, replacing nearly 3 million rail ties and replacing more than 500 miles of rail.
BNSF operates approximately 32,500 miles of track in three Canadian provinces and 28 U.S. states.
The remainder of the funds will be used for efficiency and expansion, focusing on key growth areas. Adding positive train control will cost the company $100 million.