Project Funded by Private Investment, Not Taxpayer Dollars
SOURCE: Union Pacific
March 29, 2013 /3BL Media/ - Union Pacific Railroad will strengthen Missouri's transportation infrastructure by investing $21 million to construct a more-than-nine-mile second main line track in the Bell City area, in southeast Missouri. The project, funded entirely by Union Pacific without taxpayer dollars, is scheduled to be completed the end of October.
The project, which extends about four miles to the north and south of Bell City, is one that will support long-range projected rail traffic growth, improve train operating efficiency, increase capacity on the rail line and enhance safety.
"Union Pacific helps link businesses with consumers, suppliers and markets across the nation and around the world," said Joe Bateman, Union Pacific vice president - Public Affairs, Northern Region. "In addition to helping move customers' goods more safely and efficiently, our investments support communities by reducing traffic congestion, facilitating industrial development and, promoting economic expansion."
Improved and additional freight rail capacity helps reduce highway congestion and contributes to a cleaner environment. One Union Pacific train can take up to 300 trucks off America's roads, and Union Pacific can move one ton of freight nearly 500 miles on a single gallon of diesel fuel.
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 links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain. From 2007-2012, Union Pacific invested $18 billion in its network and operations to support America’s transportation infrastructure, including a record $3.7 billion in 2012. 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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