Kuwait to loan Egypt $106 million to develop railway
03/10/2013 (AhramOnline - Egypt): Egypt will receive a $106 million loan from the Kuwait Fund for Arab Economic Development (KFAED) to fund a project that will develop the railways between the four governorates of Qalubiya, Sharqiya, Ismailiya and Port Said, Kuwaiti news agency KUNA reported on Wednesday.
Eilat railway is a waste of money
06/10/2013 (Globes - Israel):At one of the cabinet meetings that discussed the Eilat railway project, professionals in the field warned that the costs of the project are reaching huge proportions. The original estimate of about NIS 7 billion has not been relevant for a long while with the latest estimates around the NIS 20 billion mark or even more...
Infrastructural development key to pulling Egypt out of economic stagnation: EIFFA Alexandria head
06/10/2013 (Daily News - Egypt): Egypt’s transition out of economic stagnation will require government-led economic development through the mobilisation of institutions and individuals, as well as the development of infrastructure, said Engineer Medhat Al-Qadi, president of the Egyptian International Freight Forwarding Association (EIFFA) in Alexandria...
Kingdom implements mega projects worth SR288bn
06/10/2013 (Arab News - KSA): Saudi
Arabia is implementing mega infrastructure projects, including roads, bridges and rail projects worth $77 billion (SR288.75 billion), local media said quoting a report.
The projects currently implemented to develop roads and bridges in the GCC countries are estimated at $109 billion (SR408.75 billion), the report released by Ventures Middle East said...
GCC rail network 'likely by 2018'
01/10/2013 (Trade Arabia -
KSA): A plan to make the GCC railway network operational by 2018 is being drawn up, a report said.
Bahrain and Saudi Arabia are already in the process of conducting a feasibility study, which is expected to be complete by the first quarter of 2014.
This was revealed during the 17th GCC Transportation Ministers’ meeting held in Manama, according to the report in the Gulf Daily News, our sister publication...
Israel approves controversial rail route to Eilat
06/10/2013 (Haaretz - Israel): A ministerial committee approved on Sunday a train route between Tel Aviv and Eilat, the most expensive transportation project Israel has ever undertaken.Environmental Protection Minister Amir Peretz was the only one who opposed the rail line.The plan received a green light despite the absence of a link between the Eilat and Ashdod ports, so as to create a so-called “land bridge” between Europe and Asia, which was touted as the project’s main benefit. Critics also say the rail line could endanger the coral reefs off the coast of Eilat.
High speed railway: China's discreet ASEAN diplomacy
06/10/2013 (Watc China Times - China): To improve China's relationship with Southeast Asian nations, president Xi Jinping has encouraged Chinese enterprises to invest more money and resources in constructing the Pan-Asian High Speed Rail link. The line would run from the capital of south China's Yunnan province to the nation-state of Singapore, reports our sister newspaper Want Daily...
Saudi railways expansion -- full steam ahead?
Etihad Rail signs MoU with JBC Express Freight
20/10/2013 (Emirates 24/7 - UAE):Etihad Rail, the developer and operator of the
UAE’s national railway network, on Sunday announced the signing of a Memorandum of Understanding with JBC Express Freight LLC, a freight-forwarding, warehousing and value-added logistics services
The MoU paves the way for a long-term partnership that facilitates the delivery of containers and other cargo throughout the UAE and across the border into other GCC countries, via Etihad Rail’s connection to the wider GCC railway network. The integration of JBC’s existing transport options with rail will enhance the company’s supply chain capabilities, allowing it to better meet the requirements of regional and global customers. ..
Intelligent rail transport system to enhance GCC’s $250b rail projects
19/10/2013 (Saudi Gazette - RSA): With approximately $250 billion worth of rail projects planned or under way in the GCC countries – and with plans to build more than 33,712km of mainline routes and 3,004km of metro, monorail and tramlines across the Middle East and North Africa – an “intelligent rail transport system” is vital to ensure an efficient, clean rail transport. Intelligent rail system can help rail operators to reduce manpower requirements, meanwhile improving operational efficiency and passenger care capacity and reduce operational expenses...
Jerusalem-Tel Aviv railway Old City link planned
21/10/2013 ( Globes - Israel):The Ministry of Transport and Israel Railways together with the Jerusalem Municipality are pushing ahead with a preliminary plan to extend the high-speed railway line from the western entrance of Jerusalem to the Old City. The estimated cost of an underground station at Mamilla near the Jaffa Gate, which would be linked by a 2.5-kilometer tunnel to the main train station alongside the central bus station, is NIS 2 billion...
Turkey’s railways to become 'double-lane': Minister
16/10/2013 (Hurriyet Daily News -
Turkey): The government will upgrade 70 percent of the railways to “double” lanes, a dramatic increase from the current proportion of only 4 percent of the
country’s network, Transport Minister Binali Yıldırım has said.
Yıldırım said 96 percent of the conventional railways were still single–lane and work had already started to build double-lane railways...
MEED Conference to spotlight $225bn MENA rail projects
19/10/2013 (Oman Daily Observer - Oman): Opportunities in the Middle East & North Africa (MENA) region’s $225 billion rail, metro, tram and bus rapid transit (BRT) capital investment programme to 2030 will be highlighted at the MEED MENA Rail & Metro Summit which opens in Abu Dhabi on October 29. Almost 50 expert speakers representing government and private businesses in the GCC, the wider Middle East and the world will address the event with over 300 delegates expected to attend the conference. Figures provided by MEED Projects show that there are now 108 separate railway, metro, monorail, tram and BRT projects under bid, under design or under study in 14 MENA countries. More than 50 of them with a combined value of almost $140 billion are in the GCC. ..