Executives of three short line holding companies that do business in Ohio and its surrounding states outlined their respective capital spending plans for this year during a conference of the National Railroad Construction and Maintenance Association.
The executives noted in their remarks that fueling their plans has been the availability of new federal grants for infrastructure projects.
Kristine Storm, Genesee & Wyoming’s vice president, procurement, said plans include replacement of 875,000 ties and 437 miles of rail.
G&W infrastructure spending for 2023 is $473 million, up from $410 million in 2022. The distribution of the engineering and mechanical funds will see 31 percent go to ties, 22 percent to rail, 12 percent to mechanical, 10 percent to surfacing, 8 percent to bridges, and the remainder to six other categories.
Other work to be done this year includes more than, 2,000 miles of track surfacing, $45 million in bridge work, replacement of 90 turnouts, rebuilding more than 300 grade crossings, and more than 100 new grade crossing signals.
G&W plans to install 54,000 feet of new track in six sidings and two yard projects.
Watco expects to increase spending on maintenance capital from $97.2 million in 2022 to $132 million in 2023.
Tom Holmes, Watco’s vice president, purchasing and materials, said that will include $42.1 million for ties and surfacing, and $12.5 million for bridges.
Watco has been awarded $155 million in Consolidated Rail Infrastructure and Safety Improvement grants with five of those grants devoted to rail infrasture projects. The other grant is for a battery locomotive project.
OmniTRAX plans to allot 80 percent of its capital budget to track, crossings, and signals. Bridges will receive half of the remaining funds, with 6 percent for buildings, 3 percent for locomotives and 1 percent for other items.