Union Pacific board OKs $3.1 bln for capital projects in 2008

venerdì 1 febbraio 2008 19:46

Feb 1 (Reuters) - U.S. railroad Union Pacific Corp (UNP.N: Quotazione) said its board approved plans to invest $3.1 billion for capital projects during 2008.

Of the amount, $1.6 billion will be used to maintain and strengthen the track infrastructure and $840 million to increase network and terminal capacity, the Omaha, Nebraska-based company said in a statement. (Reporting by Dilipp S. Nag in Bangalore; Editing by Vinu Pilakkott)