The French SNCF and the Moroccan ONCF will create a joint venture for TGV’s maintenance
Alstom wins Egypt railway modernisation deal
18/01/2015 (Trade Arabia - Bahrain): Alstom, a global leader in the world of power generation, said
it has won a contract worth €100 million ($115 million) from Egyptian National Railways (ENR) to supply signalling equipment for the Beni Suef-Asyut line in Egypt.The contract also
includes maintenance of the 240-km-long Beni Suef-Asyut railway line for five years, said a statement from the French company.Delivery will start in 2016 and the system is due to be operational by January 2019, it
added.As per the deal, Alstom will provide a smartlock solution -
its new electronic interlocking system (EIS) - to replace the existing electromechanical one, as well as a trackside equipment, a power supply and a telecommunication system.Alstom’s solution will ensure safety for passengers while increasing the number of
trains in circulation on the network by more than 80 per cent.The
project is financed by the World Bank and was launched by Egypt’s Ministry of Transport as part of an initiative to modernise signalling systems all over the ENR network, enhance operation and
increase the level of safety to match international standards.
Kuwait wins municipal nod for GCC rail work
24/01/2015 (Trade Arabia - Bahrain): In a significant development, the Kuwait government has won approval from its municipal council for the construction of the railway line linking the ambitious Gulf network, said a report.The joint project is to develop a railway network linking link Iraq with Kuwait in the north and Oman in the south to the UAE, Qatar, Bahrain and Saudi Arabia.Following the approval, the Ministry of Communications can now begin to co-ordinate its plans with other government ministries and agencies to finalise an alignment for the route, according to the Kuwait News Agency.The ministry is currently prequalifying consultants for design work on the project and construction is expected to begin next year.The construction of the rail network linking the six GCC states is estimated to cost $15.5 billion, it added.
Egyptian President promotes investment on first official UAE visit
18/01/2015 (The National - UAE): BU DHABI // Egypt is open for business, President Abdel Fattah El Sisi told potential investors on Monday on his first official visit to the UAE.“We welcome you in Egypt and will provide appropriate investment atmosphere. There are genuine investment opportunities in Egypt,” Mr El Sisi told an audience of businessmen in Abu Dhabi.The Cairo government alone could not meet Egypt’s economic ambitions, he said. “Hence comes the role of Egyptian, Arab and foreign investors to upgrade the Egyptian economy.”Mr El Sisi particularly urged Egyptian businessmen in the UAE to invest in their home country. “The government of Egypt will remove all obstacles facing the investors by easing licensing procedures and other measures. You are invited to invest in Egypt along with Emirati and Arab investors.”Mr El Sisi said previous barriers to foreign investment, such as corruption in issuing investment licences, had been removed, and Egypt would also implement a unified investment law before hosting a major economic conference in March.
Railway investments ‘must for Turkey, Iran’
05/01/2015 (Hurriyet - Turkey): Turkey and Iran should invest in railways to meet trade targets, head of the Association of International
Forwarding and Logistics Services Providers (UTİKAD) Turgut Erkeskin has said in reference to a new trade agreement between the two countries.The latest preferential trade agreement between Turkey and Iran are useful for business circles from both countries, but needs to be supported with railway
investments to be able to reach trade targets, as Turkey and Iran have recently had problems in land transportation, said
Erkeskin. “Turkey and Iran should develop a block railway transportation line so as to reach their shared economic
targets,” said Erkeskin. The recent truck crisis between Turkey
and Iran has mostly been resolved by a temporary suspension on sealing Turkish trucks’ gas tanks at the
Iranian border, and Turkey now expects a permanent resolution, said Customs Minister Nurettin Canikli Dec. 13, 2014. “It now appears that the truck problem with Iran has been resolved to a large extent. Our expectation is to see a permanent resolution to this
problem,” he said.
Azerbaijan-Turkey relationship passed the 2015 exam
(Hurriyet - Turkey): On Jan. 15, the president of Azerbaijan, İlham Aliyev, visited Turkey upon the invitation of the
president of Turkey, Receb Tayyip Erdoğan. This visit to Turkey was the first overseas trip for Aliyev in 2015. It was important from two points. First, Aliyev attended the fourth session of the
High Level Strategic Cooperation Council’s meeting. The council was established in 2010. Turkey and Azerbaijan signed three agreements: in the area of financial crimes, custom issues and “The Joint
Declaration on results of the fourth session of the Turkish-Azerbaijani High-Level Strategic Cooperation Council.”Second, the
timing of the visit is important as developments regarding the 100th anniversary of the 1915 events have an impact on both states. According to some experts, the pressures on Turkey will rise in
2015 to open Turkish-Armenian borders. This would contradict Azerbaijan’s Nagorno-Karabakh policy. Actually, certain forces outside Turkey, which are being funded by the EU and the U.S.
government, are continuing to pressure the Turkish government to open the Turkish-Armenian border.
Moscow to Beijing in 2 days: China to build $242bn high-speed railway
23/01/2015 (RT - Russia): China is going to build a $242 billion (1.5 trillion yuan) high-speed rail link between Beijing and Moscow. The line will cut the journey time from five to 'two days', say Chinese authorities.The railway will be 7,000 kilometers long and go through Kazakhstan, reports Bloomberg citing Beijing’s city government on the social networking site Weibo, China’s alternative to Twitter. The railway will make travel easier between Europe and Asia, the statement said.China is actively promoting its high-speed railway technology and sees Russia as an especially attractive market because of its strained relations with Western countries over Ukraine.
Railways needs private capital, not privatisation
19/01/2015 (The Hindu - India): Minister for Railways Suresh Prabhakar Prabhu on Monday said while the railways badly needed private capital, there was no way it could mean privatisation of any kind whatsoever.“The Indian Railways will continue to be owned by Government of India only. It will not go into the hands of multi-nationals. There are no second thoughts about it. We need to decongest our network by doubling, tripling or even quadrupling lines wherever we can. In urban areas it could only mean we go above the road. As two-thirds of our revenue comes from freight, we are going for dedicated freight corridors,” he said.He was addressing a gathering of Railway officials and representatives from the private sector including infrastructure, services sector and technology companies, at the 15 National Seminar on 'PPP and FDI in Indian Railways’. It was organised by the Centre for Transportation Research and Management (CTRAM) and hosted by the South Central Railways at the Indian Railway Institute of Signal Engineering and Telecommunication (IRISET) here.
Kenya: How the Sh327 Billion Standard Gauge Railway Is Taking Shape
Zambia's North West Rail receives a loan of US$500mn