Union Pacific to Invest $36 Million in its Colorado Rail Infrastructure
Union Pacific is boosting safety and efficiency with an approximately $36 million infrastructure investment in Colorado this year. Projects funded by Union Pacific benefit Colorado’s overall transportation infrastructure without taxpayer funds.
Colorado Rail Infrastructure
Union Pacific’s investment plan funds a range of initiatives: $33 million to maintain railroad track and $1 million to maintain bridges in the state. Key projects planned this year include:
- $6 million investment in the rail line between Denver and Rollinsville to replace 34,148 railroad ties and install 24,338 tons of rock ballast.
- $4.5 million investment in the rail line between Bond and Phippsburg to replace 31,662 railroad ties and install 24,165 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 minimise delays as trains travel through communities across Colorado”
“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 $36 million capital expenditure in Colorado is part of an ongoing investment strategy. From 2012 to 2016, Union Pacific invested more than $253 million strengthening Colorado’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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