By Audrey Jensen | Phoenix Business Journal
BNSF announces $3.96B capital investment plan for 2023.
Fort Worth-based BNSF Railway Co. is moving forward with two massive rail complexes, including one in the Phoenix metro, following its announcement to invest $3.96 billion in 2023.
According to a news release, the largest component of the company’s capital plan is $2.85 billion, which will be invested in BNSF’s maintenance projects, including replacing and upgrading rail, track infrastructure, and rolling stock. The capital investment also breaks down $402 million into equipment acquisitions and over $700 million for expansions and efficiency projects.