Kuwait to pour $250 million into Egypt's railway system
07/05/2013 (Albawaba Business - Jordan): The Egyptian Railways is one of the most popular modes of public transportation in Egypt with around 800 million passenger miles annually. Most of this network connects the Nile Delta with Cairo and Alexandria.
The train fares in commuter trains are kept low so that large volumes of people can travel. The Egyptian Railways is undeniably one of the most comfortable ways to travel while in the country. The view from the train is picturesque and is every traveller’s delight. The railway route, especially along the Nile, and the Cairo-Luxor-Aswan and Cairo-Alexandria routes are simply breathtaking....
Light at end of tunnel for Dubai's tram network
07/05/2013 (The National - UAE): Announced in the heady days of 2008, the Al Sufouh Tram project was a casualty of the downturn and the project gathered dust for two years. But the ambitious public transit system has rebounded and the first trams will start rolling next year.
The Al Sufouh Tram project has mirrored the roller coaster fortunes of Dubai in recent years.
Announced about five years ago, the public transit system was to link some of the city’s fastest growing and most dynamic communities...
Iran, Kazakhstan, Turkmenistan to connect railway networks
07/05/2013 (Tehran Times - Iran):ISFAHAN - Iran, Turkmenistan, and Kazakhstan will inaugurate a joint rail project in the coming days which will connect railway networks of the three countries, Iranian Railways Company Managing Director Abdol-Ali Saheb-Mohammadi announced on Tuesday.
Railway line between Bulgaria’s Svilengrad and border with Turkey to be opened on May 9
07/05/2013 (Focus - Bulgaria): Sofia. Bulgaria’s caretaker Prime Minister Marin Raykov and Minister of Transport,
Information Technology and Communications Kristian Krastev are to open the railway line between the southern Bulgarian town of Svilengrad and the country’s border with Turkey on Europe Day, May
9, announced the press center of the Transport Ministry.
The opening ceremony is to take place at Kapitan Andreevo border checkpoint. Everyone who would like to attend it should be at the railway station in the town of Svilengrad at 1:00 p.m. local time. A train is to depart from the railway station to the border checkpoint...
Railway-Ethiopia: Addis-Djibouti railway gets Chinese financing
07/05/2013 (AfriqueJet - Ethiopia):Economy - Higher level officials from China's Ex-Im Bank are expected to arrive in Addis Abeba this week to finalize a three billion dollar loan agreement with the Ethiopian government to finance the Ethio-Dijibouti Railway project.
The loan will be used to finance the 752.7Km railway project that will run from Sebeta toDjibouti'sNegadPort.The project will be constructed in three phases, two of which will be on the Ethiopian side and the other inDjibouti...
EU allocates €123m to develop Egypt’s transport sector
14/05/2013 (Daily News - Egypt): The European Union (EU) has allocated €123m to develop the transport sector in Egypt, said EU representative Armil Lindin.
The budget is split into €80m to reconstruct the transportation sector through institutional and legislative reforms, in addition to €3m in technical support for the Ministry of Transport to apply good governance instructions...
Etihad Rail signs MoU with Hellmann Logistics
17/05/2013 (Arabian Supply. Chain - UAE): Etihad Rail, the developer and operator of the UAE’s national railway network, announced the signing of a Memorandum of Understanding (MoU) with Hellmann Worldwide Logistics (Hellmann). The MoU will allow Hellmann to use the rail network for their needs in the region.
The MoU, which was signed by H.E. Dr. Nasser Al Mansoori, CEO of Etihad Rail and Madhav Kurup, CEO of Hellmann Middle East & North Africa, will facilitate the efficient cross-border transport of goods to Saudi Arabia and other GCC countries....
China’s Construction Projects Abroad Plagued with Problems
17/05/2013 (Design Build - Australia): Two of the biggest infrastructure projects undertaken by Chinese companies abroad have been wracked by huge cost overruns and severe delays.
Citic Pacific’s efforts to build a pair iron ore mines in Western Australia’s mineral rich Pilbara region have suffered major setbacks with the project now over three years behind schedule and three times over budget.
Outlay for the two mines was originally estimated at US$2.47 billion, but by the end of 2012 costs had surged to US$9.1 billion. The addition of four more production lines is set to lift total costs even higher, adding around US$1.2 billion to the budget..
Kazakhstan and Turkmenistan open their first direct rail link
14/05/2013 (Travel Daily News - Thailand): BOLASHAK- A major inauguration of rail roads by both President Gurbanguly
Berdimuhamedov of Turkmenistan and President Nursultan Nazarbayev of Kazakhstan took place on May 11 to celebrate the completion of the
first rail link across the border between both countries.
Built by Kazakh national railway KTZ in cooperation with local contractors, the 146-km line runs from Uzen (Zhanaozen) in Kazakhstan to the Kazakh border facilities at Bolashak, then crosses the frontier to serve Serhetyaka in Turkmenistan. The new line promises to benefit "tens of countries" in the region, opening the remote areas to major markets, explained during the inaugural Kazakh President Nursultan Nazarbayev...
Indian Railways becomes the fourth largest freight carrier in the world
14/05/2013 (Rushlane- India): Indian Railways has joined the rare Billion Tonne Plus Club this fiscal, running neck to neck with some of the more
advanced railway networks across the globe. India has the largest rail network in the world while it competes on a similar footing with those of the US, China and Russia...