May 2, 2016 - TRA Newswire Union Pacific plans to invest $513 million in 2016 to improve it's statewide transportation infrastructure. Union Pacific's planned investment covers a range of initiatives: $429 million to maintain railroad track and $79 million to maintain bridges in the state. Key projects planned this year include:
$21 million investment in the rail line between Pinehurst and Navasota in Southeast Texas to replace 42 miles of rail. $22 million investment in the rail line between San Antonio and Rockdale in Central Texas to replace 183,816 railroad ties and install 53,783 tons of rock ballast.
This year's planned $513 million capital expenditure in Texas is part of an ongoing investment strategy. From 2011 to 2015, Union Pacific invested more than $3 billion strengthening Texas's transportation infrastructure.
"We constantly evaluate our customers' needs to make targeted investments that enhance our efficiency and deliver the goods American businesses and families use daily," said Brenda Mainwaring, Union Pacific vice president - Public Affairs, Southern Region. "Continuing to aggressively invest in our infrastructure is an important element in Union Pacific's unwavering safety commitment."
Union Pacific plans to spend $3.75 billion across its network this year, following investments totaling approximately $33 billion from 2006-2015. These investments contributed to a 25 percent decrease in derailments over the last 10 years.
According to a news release from Union Pacific, the company's multi-million dollar private investment will enhance employee, community and customer safety and increase rail operating efficiency. Freight railroads like Union Pacific operate on track built and maintained without taxpayer funds. Union Pacific's private investments sustain jobs and ensure the company meets growing demand for products used in the American economy.
ABOUT UNION PACIFIC
Union Pacific Railroad is the principal operating company of Union Pacific Corporation (NYSE: UNP). One of America's most recognized companies, Union Pacific Railroad connects 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2006-2015, Union Pacific invested approximately $33 billion in its network and operations to support America's transportation infrastructure. The railroad's diversified business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Union Pacific serves many of the fastest-growing U.S. population centers, operates from all major West Coast and Gulf Coast ports to eastern gateways, connects with Canada's rail systems and is the only railroad serving all six major Mexico gateways. Union Pacific provides value to its roughly 10,000 customers by delivering products in a safe, reliable, fuel-efficient and environmentally responsible manner.