BNSF to spend $199 million on Texas projects this year
BNSF Railway will invest about $199 million in Texas rail maintenance and improvement projects this year, the Fort Worth-based company said today.
Among the projects: expansion of rail capacity at Tower 55 near downtown Fort Worth; realignment of the rail line in far north Fort Worth to allow for a runway extension at Alliance Airport; replacement of the Galveston Causeway bridge; and improvements to the company's Amarillo car shop.
Track maintenance work will include surfacing and undercutting on about 1,341 miles of track, and replacement of 84 miles of rail and about 563,000 ties.
The planned investments are part of BNSF's $3.9 billion in capital spending. Of that, about $1.1 billion will be spent on locomotive, freight car and other equipment purchases, $300 million for federally mandated positive train control and $400 million for terminal, line and intermodal expansions.
BNSF Railway is owned by Berkshire Hathaway, which is run by investor Warren Buffett.
-- Steve Kaskovich