Other railroads also are making significant capital investments. For its part, CSXT expects to spend approximately $1.5bn in 2007 on core capital investments, $1.6bn in both 2008 and 2009, and $1.7bn in 2010. These investments will improve and add track, equipment, technology and facilities to help meet customer needs and the expected increase in demand for U.S. freight transportation.
Norfolk Southern reports that it has budgeted $1.34bn in capital spending in 2007, following a $1.2bn investment in 2006. One major development, being conducted in conjunction with Kansas City Southern is the Meridian Speedway, from Dallas to Meridian, Miss. This $300m project is well under way with over $115m invested to date. When complete by 2010, the Meridian Speedway will provide track speeds of 60 miles per hour on more than 80 percent of the route and 50 miles per hour on an additional 10 percent of the route, providing the shortest and fastest rail route from southern California to the Southeast.
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