Sure, so would high explosives directly on the tube. I am considering a situation that could conceivably be accidental because it is incredibly difficult to engineer something that can stand up to malice.
The bar to malice is important to consider. If the bar is "high explosives or shaped charges", then you are probably okay. If the bar is "a redneck who is bored with shooting stop-signs", then that might be a problem.
Bored people shoot track, put pennies on tracks, drop water balloons from freeway overpasses, put potatoes in car exhaust pipes, and on and on. Its important to consider the most random variable in the safety equation - bored people.
I'd say all these concerns warrant putting the damn thing underground.