Schemes carried out under the US$1bn programme will include expanded capacity at its North Platte rail yard, with a $70 million investment to add adding track and carry out technology upgrades.
An investment of approximately US$220mm will also be made in new rails, ties and other work will increase capacity on Union Pacific's main line through Nebraska. Union Pacific also plans to spend US$206 million on other new schemes including a bridge over the Elkhorn River.
"Today's announcement of our $1 billion infrastructure investment in the state renews our commitment to helping stimulate business and job growth in Nebraska," said Union Pacific chairman and chief executive officer Jim Young.
About 8,000 of Union Pacific’s 45,000 employees are in Nebraska, where it operates 1,719km of track. Union Pacific said that said US Department of Commerce economic models show that that every dollar invested in freight railroads yields US$3 in economic output and every job in day-to-day operations sustains another 4.5 jobs elsewhere in the economy.
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