India keen to participate in Israel's Red-Med project

2012/03/02 (The Economic Times India):JERUSALEM: India is keen to participate in the construction of the first-ever rail link between the Mediterranean and Red Sea coasts which offers a new Asia-Europe trade route that will compete with the key Suez Canal freight route...

State plans to privatize Israel Railways

2012/03/06 (Haaretz Israel): Transportation Minister Yisrael Katz said on Monday that he intends to privatize Israel Railways, after its workers union failed to reach an agreement with the state over the past two weeks....

Turkey, Ukraine to join railways, ports for major trade route

2012/03/09 (Todays Zaman - Istanbul): Parliament on Thursday night approved an agreement with Ukraine to connect its railway network with shipping lines on either side of the Black Sea, in an effort to boost Turkey’s trade with Ukraine and other Eastern European countries.

The combined transport agreement was signed by Turkey and Ukraine on Jan. 25 of last year and adopted by Parliament on Thursday...

National High Speed Railway Authority likely to be formed in next 2-3 months

2012/03/13 (TheEconomic Time - India):NEW DELHI:Indian Railways is moving a step closer to a future of high-speed trains with the formation ofNational High Speed Rail Authority expected in the next 2-3 months. The inter-ministerial consultation will take place soon to decide on expeditious implementation of the mega-project...

Railway Budget - A Lost Cause

2012/03/13 (DaijiWorld - Dubai) Mar 13: The East India Company introduced Railways in India in 1853 and by 1924-25, it has grown to an extent that its budget was separated from Annual Government Budget. By 1947, there were 41 Railway Systems that was integrated into one unit in 1951. Today Indian Railways carries 3 Crore (30million) passengers and 2.8million tons of freight everyday on 65,000 km of routes & between 7500 stations. It reaches all but two Indian states of Sikkim and Meghalaya.....

North-south rail project to cost SR20bn

2012/03/16  (Arab News Saudi Arabia): The north-south railway project will roughly cost SR20 billion and will depend mainly on goods transportation as a major source of its revenue rather than passengers, local newspapers reported quoting Secretary-General of Public Investments Fund (PIF) and Chairman of Saudi Railways Company (SAR) Mansour Al-Maiman as saying...

Iran and Syria 'lay ambitious plans for road, rail, air and electricity links'

2012/03/16 (The Telegraph - England) : Iran has thrown Syria an economic lifeline by laying ambitious plans for road, rail, air and even electricity links between the two countries, according to official records of high level talks in Damascus....

Etihad Rail chief executive resigns

2012/03/21 (Trade  Arabia - UAE): Etihad Rail, the developer of an $11 billion railway network in the UAE, said on Wednesday that its chief executive Richard Bowker has resigned.

Hazem Mobarak, currently executive director of infrastructure at the company, will replace Bowker - who joined Etihad Rail in 2009 - as acting chief executive.....

 

Turkey to Supply Railway Equipment to Turkmenistan for North-South Project

2012/03/21 (Turkish Weekly Turkey):The Ministry of Railway Transport of Turkmenistan will sign a contract with the Turkish company Net Yapi ve Ticaret Mühendislik Mimarlik Müşavirlik Limited Şirketi, the official Turkmen source said.

The contract will be signed according to the order of President Gurbanguly Berdimuhamedov to further develop the industry and bring into line with international standards the Gyzylgaya-Bereket-Etrek railway, which is part of the regional North-South project, which involving neighboring Iran and Kazakhstan.....