Railroads Would Get Until 2020 to Add Crash Systems in Plan

Railroads including Warren Buffett’s Burlington Northern Santa Fe would get five more years to install crash-avoidance technology -- a project estimated to cost about $12 billion -- under a proposal by the U.S. House transportation committee.

The deadline would move to Dec. 31, 2020 from Dec. 31, 2015, according to a draft copy of legislation to provide long-term funding for highway and transit programs obtained by Bloomberg News. The House Transportation and Infrastructure Committee is scheduled to release the draft tomorrow.