BNSF Plans $2.4b Capital Commitment Program
BNSF Railway Company (BNSF) said that it has planned a 2010 capital commitment program of $2.4bn. It is expected to be approximately $240m lower than 2009, due to fewer expected locomotive acquisitions in 2010.
According to BNSF, it currently expects to spend about $2.1b for track, signal systems, structures, freight cars and also to upgrade technologies, including the unfunded mandate for positive train control. It also anticipates acquiring approximately 170 locomotives at a cost of about $320m.
Matthew Rose, chairman, president and CEO of BNSF, said: “For 2010, BNSF currently expects to invest approximately $2.4bn to ensure our infrastructure remains strong and to improve the efficiency of our operations. Similar to 2009, we remain committed to making the necessary investments to protect and grow the value of our franchise despite an uncertain economic environment.”
BNSF is a subsidiary of Burlington Northern Santa Fe and operates railroad networks in North America, with about 32,000 route miles in 28 states and two Canadian provinces. It is among global transporters of intermodal traffic, moves grain, transports components of products and hauls low-sulphur coal, to generate about 10% of electricity produced in US.
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