Union Pacific is working on a double-tracking project in Iowa and Nebraska to facilitate faster train travel through the area, at a cost estimated to be $300 million to $400 million, said UP Chairman and CEO Jim Young. "The major project under way is the double tracking of our railroad from Fremont over to Missouri Valley," said Young. The infrastructure work, which is part of UP's $3.3 billion capital spending budget, will reach completion by 2014.

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