Egypt railway revenues drop 34 percent in 2013
05/02/2014 (AhramOnline): Egypt’s Railway Authority revenues declined 34 percent in 2013 compared to the previous year, losing a total of LE398 million ($57 million), according to the Cabinet's Information and Decision Support Centre (IDSC). Revenues from passenger rail fell 39 percent, registering LE611 million ($88 million), while those from commercial rail dropped five percent to hit LE145 million ($21 million) in 2013. The Railway Authority suspended most of its operations over security concerns following the forced dispersal of two pro-Muslim Brotherhood sit-ins last August. While commercial rail is currently operating at full capacity, only 62 percent of passenger trains are running, the spokesperson of the Railway Authority told Ahram Online Wednesday...
Saudi high-speed rail: Trains to be delivered soon
02/02/2014 (Emirates 24/7 - UAE): Saudi
Arabia will soon take delivery of train cars for its high-speed rail project linking three major western cities, its transport minister has said.
Jibara Al Suraisri said contractors have started the construction of the rails within the second phase of the Haramain rail project, denying reports about a delay in one of the largest train projects in the Gulf Kingdom.
“The project is under construction and is progressing according to the timetable…it will be completed according to that schedule,” he told Okaz Arabic language daily.
“The second phase of the project has been launched by the contractor and the train cars will be delivered soon,” he said after inspecting the project...
Oman’s $3b railroad plan to re-route Persian Gulf
Al Hatmi said the “very expensive” rail line is more than justified by the new trade opportunities bypassing the Hormuz waterway would offer Oman’s southern port of Salalah...
Saudi Arabia to launch $9.5bn mining industrial city
05/02/2014 (Al Arabiya News - UAE): Saudi Arabia signed contracts worth 36 billion Saudi riyals ($9.5bn) for the establishment of a new mineral industrial city in Waad al-Shamal.The kingdom’s mining company, Maaden, also signed a number of deals worth $3.6bn for the establishment of five new plants in the new city. The new industrial city will focus on mining, a “promising sector that started contributing to the national economy,” Dr. Ibrahim al-Assaf, Saudi finance minister, told Al Arabiya News Channel. The project will bring larger diversity to the country's exports and increase economic growth to the kingdom and the region, according to officials’ remarks during the launch. According to the minister, the project is important on a domestic level, but also more important on a regional scale, “in terms of [providing] employment, and finding services to support the..
UAE’s part of Etihad Rail in phase one of testing, but Oman and Kuwait face possible delays
04/02/2014 (The National - UAE): The first phase of Etihad Rail is in testing and will be operational by the end of this year, a company official said yesterday.The broader, region-wide GCC rail project appears to be farther along in the UAE than it is in neighbouring countries that are also meant to be part of the network.
“Stage one, which is currently under construction, is almost finished and we are testing it,” John Lesniewski, the sales director at Etihad Rail, said yesterday at the Middle East Rail conference in Dubai. “We see operations starting from the end of 2014.”
The first stage comprises a 266-kilometre route for carrying sulphur from Shah and Habshan to Ruwais.
The second stage, Mr Lesniewski said, will run from the Saudi Arabian border to Dubai and Al Ain, and will be part of the wider regional network.
Stage two has been tendered and evaluated, he said.
“We are close to awarding these tenders and we expect construction will start between now and the summer. We plan to make it connected to the GCC by 2018,” he said..
Dubai Metro to have 70 stations by 2020
Oman signs $35m railway consultancy deal with Italferr
06/02/2014 (Gulf News - UAE): Dubai: Oman has signed a 13.6 million riyal (Dh129.5 million, $35.3 million) deal with Italferr, the Italian state railways engineering firm, for consultancy services on the initial design of its multi-billion dollar railway project, its state news agency ONA said. A pre-qualification tender for railway construction will hopefully be launched soon, Minister of Transport and Communications Ahmad Bin Mohammad Al Futaisi said in a statement carried by ONA. The state-funded, 2,244 kilometre rail network — the country’s first — would link the desert town of Buraimi, bordering the UAE, to six major settlements in Oman including the industrial city of Sohar and the port of Salalah, seen as the region’s future gateway to Africa...
India’s $1 trillion infrastructure drive to lure UAE investors
07/02/2014 (Khaleey Times - India): Investors from the UAE are better placed to benefit from the exciting opportunities in India given the strong bilateral economic ties, top tanking officials of Builders’ Association of India (BAI) said on Thursday.
BAI, the apex body of the Indian engineering and construction industry, has more than 13,000 members.
Under the current five-year plan, India eyes a total investment of more than $1 trillion by 2017 in infrastructure development. Such massive investment will boost Indian construction sector’s contribution to the country’s gross domestic product (GDP) in the next few years. Currently, the sector accounts for eight per cent of the GDP, Bhagwan J. Deokar, Chairman, National Convention Committee and past president of BAI, said...
Envoy: Russian Minister to Propose Oil-for-Railway Deal with Iran in Upcoming Visit
08/02/2014 (Fars News - Iran): Russian Ambassador to Tehran Levan Jagarian noted that Ulyukayev will visit Iran on March 21, and said, “The Russian minister of economic development will come to Tehran with proposals for bartering railway construction for Iran's oil.”
Jagarian underlined that Russia is willing to expand its economic ties with Iran in various spheres.
“Iran and Russia are active in the political field and this can become an effective factor for the development of economic relations between the two countries.
Earlier today, Head of Iran-Russia Joint Chamber Assadollah Asgaroladi announced that a Russian trade delegation is slated to pay a visit to Iran soon in a bid to hold talks with Iranian officials and discuss expansion of bilateral ties...
“Iran has prepared itself for the visit of a Russian delegation" in coming days, Asgaroladi said, adding that the Iran-Russia Joint Chamber has identified five important spots for marketing in Russia" as part of mutual efforts to..
Gas-freight train derailment causes rail havoc in Сentral Russia
05/02/2014 (RT - Russia): Thirty-two carriages containing liquefied gas derailed in the Kirov Region, Central Russia, with a dozen bursting into flames. More than 700 local residents and workers from a nearby factory were evacuated from the fire zone.The 72-car train derailed on Wednesday morning due to an outbreak of fire as a result of an overhead system failure. Eleven other carriages caught fire as a result.The fire was localized after nearly six hours of firefighting. However, it spread to 30 garages near the railway line, and one warehouse was also engulfed. No deaths or injuries were reported, the Emergencies Ministry confirmed. The accident caused serious problems with transport connections in the region. Arrivals were delayed and several train itineraries were changed. Railway traffic on the way from Balezino to Kotelnich has been halted.
Saudi north-south train to be ready early 2015
17/02/2014 (Emirates 24/7 - UAE): A 1,418-km (887 mile) passenger railway project linking north Saudi Arabia with its capital Riyadh will be commissioned on a trial basis in early 2015, newspapers in the oil-rich Gulf Kingdom reported. A large part of the project has been completed and it cost nearly SAR10 billion (Dh9.6 billion), they said, quoting a statement by the Saudi railways company (Sar), which is overseeing a massive rail plan across the largest Arab economy. The line will link Riyadh with Haditha near the northern Saudi border with Jordan while it will meet up with a rail link between Riyadh and the eastern port of Dammam. This project will also pave the way for the implementation of a regional rail network linking Saudi Arabia with its five partners in the Gulf Cooperation Council (GCC). “The north-west passenger train will be operated on a trial basis in early 2015. The contractors are currently working on completing the rail as well as the passenger stations, and logistic and maintenance services,” Al Madina Arabic language daily said, citing a Sar statement at a show in Riyadh on Saturday...
Qatar infrastructure spend to hit $24bn in 2014
18/02/2014 (Trade Arabia): Qatar will witness a significant rise in project activity this year with contract awards for big infrastructure projects likely to hit $24 billion, said an expert ahead of an industry event in Doha. The Qatar’s projects market accelerated in 2013, overtaking the UAE in terms of contract awards midway through the year with $12.2 billion in new awards, the bulk of which came from the multi-billion-dollar tunnelling packages awarded as part of the Doha metro project, stated Edmund O’ Sullivan, the chairman of Meed Events, the organisers of the Qatar Projects 2014 show to be held next month. More than 400 local, regional and international stakeholders will discuss the latest developments, timelines, and procurement requirements to successfully win contract bids in Qatar’s growing projects market, he stated...