Union Pacific Plans to Invest $23 Million in its New Mexico Rail Infrastructure
Omaha, Neb., June 12, 2017
Union Pacific is boosting safety and efficiency with an approximately $23 million infrastructure investment in New Mexico this year. Projects funded by Union Pacific benefit New Mexico’s overall transportation infrastructure without taxpayer funds.
Union Pacific’s investment plan funds a range of initiatives: $22 million to maintain railroad track and $1 million in other improvements across the state. Key projects planned this year include:
- $14 million investment in the rail line between Carrizozo and Fort Bliss to replace 116,318 railroad ties and install 55,470 tons of rock ballast.
- $1.6 million investment in the rail line across Lordsburg to replace 10,615 railroad ties and install 3,000 tons of rock ballast.
“Union Pacific’s targeted investments fund projects that strengthen our railroad tracks, increase safety and minimize delays as trains travel through communities across New Mexico,” said Brenda Mainwaring, Union Pacific vice president – Public Affairs, Southern Region. “Maintaining a healthy railroad is the foundation of our ability to serve customers and communities across the state.”
This year’s planned $23 million capital expenditure in New Mexico is part of an ongoing investment strategy. From 2012 to 2016, Union Pacific invested more than $105 million strengthening New Mexico’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.
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 2007-2016, Union Pacific invested approximately $34 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.
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