Gulf rail revolution will need substantial steel imports
02/01/2013 (SteelGuru India): GCC rail infrastructure consultants said that Gulf Cooperation Council governments are likely to spend around USD 100
billion laying an estimated 6,000 kilometer to 8,000 kilometer of new railway track up to 2020, a move that will require substantial imports of rails from outside the region.
The investment is designed to facilitate movement of both cargo and passengers. Eventually all 6 countries of the GCC will be linked by rail, while connections to Jordan and Turkey are planned at a later stage..
GCC funding for Oman’s RO 6bn rail project
02/01/2013 (Observer - Oman): MUSCAT — Oman’s ambitious National Railway System will be implemented with funding support pledged by fellow members of
the Gulf Co-operation Council (GCC) bloc, Darwish bin Ismaeel al Balushi, Minister Responsible for Financial Affairs, announced here yesterday.
The project is among a slew of infrastructure schemes identified by the government for implementation with financial assistance earmarked by the GCC states, Al Balushi said...
China builds a railroad, and Laos bears the cost
02/01/2013 (The Economic Times - India): OUDOM XAI (LAOS): Wang Quan, the new Chinese owner of a hotel in this farm town tucked into the tropical
mountains of northern Laos, is hoping that the first of 20,000 Chinese workers will arrive here soon to start construction on a new
The Chinese-financed railway is to snake its way through dozens of tunnels and bridges, eventually linking southern China to Bangkok, the capital of Thailand, and then on to the Bay of Bengal in Myanmar, significantly expanding China's already enormous trade with Southeast Asia..
China in Africa: Partners in the Year of the Snake
02/01/2013 (EconoMonitor- UK):African exports to China have increased six-fold since 2000 alone, the bulk of it in oil, and this year, China surpassed the US and Europe as Africa’s largest trading partner.
Starting from $11 billion in bilateral trade in 2000, Beijing racked up $160 billion dollars in trade with Africa by 2011, and for 2012
Chinese businesses have also invested some $15 billion in Africa in 2012 alone—that’s up from $500 million in 2002..
MENA’s Rail Projects Gather Speed
14/01/2013 (Gulf Business - UAE):The dawn of railways in Europe in the early 19th century, and the advent of aviation in the late 20th century make the idea of an early 21st century pan-continental rail network seem fanciful on grounds of both scope and expense. But that’s exactly what is happening in the UAE and the GCC, as governments recognise the modern-day business case for the huge infrastructure benefits in freight and passenger movement that will result....
Mumbai elevated rail line project on track
14/01/2013 (The Telegraph - India): New Delhi, Jan. 13: The Indian Railways is set to sign an agreement with the Maharashtra government to build its first elevated rail corridor in Mumbai for Rs 21,000 crore through the country’s largest public-private partnership (PPP) initiative.
“Our officials are in touch with the state government and an agreement will be signed soon,” railway minister Pawan Bansal said...
Dubai-based Investment Company, Rasia, Awarded $3 Billion Railway and High Speed Road Projects in Armenia
24/01/2013 (The Providence Journal - USA): YEREVAN, Armenia, Jan. 24, 2013 /PRNewswire/ -- Pursuant to an instruction by the President of the Republic of Armenia, Minister Gagik Beglaryan of the Ministry of Transport and Communication of the Republic of Armenia announced the launch of the Southern Armenia Railway and Southern Armenia High Speed Road Projects, a strategic infrastructure investment for Armenia valued at approximately US$3 billion...
Kenya: First Konza Jobs, Railway Expected in Three Years
24/01/2013 (All Africa - South Africa):The initial structures in Konza Techno City will be in place within the next three years, potential investors and guests attending the ground breaking ceremony were told yesterday
This includes completion of a high speed standard gauge railway connecting the new city to Nairobi CBD and Jomo Kenyatta International Airport. The rail line construction start in January 2014...
China Approves Ministry of Railways' Plan to Issue CNY150 Bln Bonds in 2013 -Sources
24/01/2013 (The Wall Street Journal):SHANGHAI--China's Ministry of Railways has received approval from the nation's economic planning agency to issue 150 billion (US$24.12 billion) worth of bonds this year to finance the costly maintenance and construction of a fast-expanding railway network, people familiar with the situation told Dow Jones Newswires Thursday.
With the permission from the National Development and Reform Commission in hand, the debt-laden railway ministry is on track to issue the first batch of the bonds, which will be worth CNY20 billion, in March, said the people, who didn't wish to be named....
First rail freight corridor contract to Tata JV
24/01/2013 (Business Standard - India):After a delay of around two years, the Dedicated Freight Corridor Corporation of India Ltd (DFCC) has finally awarded its first major contract, of about Rs 3,300 crore, to a Tata–Aldesa joint venture (JV) for construction of a 343-km double track line between Bhaupur (Kanpur) and Khurja.
The World Bank has funded $975 million (Rs 5,250 crore) for this stretch, a design-build lumpsum contract requiring implementation within four years, says DFCC...