Berkshire's (BRK-A) BNSF to Increase Capital Commitment Program $400M in FY12
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Berkshire's (NYSE: BRK-A)(NYSE: BRK.A) BNSF Railway Company (BNSF) today announced a planned 2012 capital commitment program of approximately $3.9 billion, a $400 million increase over its 2011 capital spend of $3.5 billion.
The largest component of the capital plan is spending $2.1 billion on BNSF’s core network and related assets. BNSF also plans to spend approximately $1.1 billion on locomotive, freight car and other equipment acquisitions. The program also includes about $300 million for federally mandated positive train control (PTC) and $400 million for terminal, line and intermodal expansion and efficiency projects. BNSF’s expansion and efficiency projects will be primarily focused on coal routes to improve velocity and throughput capacity and the new intermodal facility at Kansas City.
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The largest component of the capital plan is spending $2.1 billion on BNSF’s core network and related assets. BNSF also plans to spend approximately $1.1 billion on locomotive, freight car and other equipment acquisitions. The program also includes about $300 million for federally mandated positive train control (PTC) and $400 million for terminal, line and intermodal expansion and efficiency projects. BNSF’s expansion and efficiency projects will be primarily focused on coal routes to improve velocity and throughput capacity and the new intermodal facility at Kansas City.
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