Union Pacific to Invest $49 Million in its Missouri Rail Infrastructure
Union Pacific is boosting safety and efficiency with an approximately $49 million infrastructure investment in Missouri this year.
Projects funded by Union Pacific benefit Missouri’s overall transportation infrastructure without taxpayer funds.
Missouri Rail Infrastructure
Union Pacific’s investment plan funds a range of initiatives: $43 million to maintain railroad track and $3 million to maintain bridges in the state. Key projects planned this year include:
- $12 million investment in the rail line between Labadie and Chamois to replace 92,174 railroad ties and install 34,481 tons of rock ballast.
- $7 million investment in the rail line between Mineral Point and Annapolis to replace 57,489 railroad ties and install 42,462 tons of rock ballast.
Donna Kush, Union Pacific vice president – Public Affairs, Northern Region, said:
“Union Pacific’s targeted investments fund projects that strengthen our railroad tracks, increase safety and minimize delays as trains travel through communities across Missouri”
“Maintaining a healthy railroad is the foundation of our ability to serve customers and communities across the state.”
Union Pacific’s Investment Strategy
This year’s planned $49 million capital expenditure in Missouri is part of an ongoing investment strategy. From 2012 to 2016, Union Pacific invested more than $319 million strengthening Missouri’s transportation infrastructure.
Union Pacific plans to spend $3.1 billion across its network this year. The company has invested $51 billion since 2000, contributing to a 40 percent decrease in derailments during the same time frame.
Original article © Union Pacific.
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