Morocco Receives Carriage of High-Speed Train
Kenya Railways Dismisses Comparisons Between SGR and Morocco, Ethiopia Projects
16/01/2017 (All Africa - SA): Nairobi — Kenya Railways Corporation (KR) has come to the defence of the construction of the Standard Gauge Railway following concerns over the cost compared to other railway projects in the continent.
Why Egyptian firm is selling its stake in Kenya-Uganda railway
14/01/2017 (The Star - Kenya): The decision by Egypt’s Qalaa Holdings to sell its controlling stake in the firm that runs the Kenya-Uganda railway line was informed by failure to generate returns for its investors, the company said on Friday. Qalaa, which has 85 per cent stake in the Rift Valley Railways, said the $320 million (about Sh33.24 billion) fresh capital injected into the more than a century old 1,200km railway in five years from 2010 has not raked in profits. The investment, the firm said, includes $66 million (about Sh6.86 billion) in concession fees to the governments of Kenya and Uganda.
First 'Silk Road' train from China to Britain arrives in London after a marathon 7,500-mile
18/01/2017 (Mail Online - USA): The route known as the 'Silk Road' once helped bring a wealth of goods from China to Europe. Today, the arrival of a freight train in east London has marked a new era for the 2,000-year-old trading route. It is the first freight train service from China to the UK. The train pulled in to Barking after an 18-day journey from Yiwu, a wholesale market town in the eastern Chinese province of Zhejiang.
Railway investment in emerging markets estimated at $642b
05/02/2017 (Times of Oman - Oman): A sizable investment of $642 billion is being planned for developing railway infrastructure in the Middle East, North Africa, Central Asia and South Asia. This investment is mainly for developing freight and urban transport infrastructure, according to Terrapinn Middle East, organiser of Middle East Rail, which will be held from March 7 and 8 in Dubai. “Within the next 10 years, we will see a complete reform of mobility across emerging markets,” said Jamie Hosie, Event Director of Middle East Rail 2017, the biggest and most established transport and logistics event in the region.
People of Aseelan ‘to ride camels’ to reach town’s train station
$240bn GCC rail projects in pipeline, says report
05/02/2017 (Gulf News - UAE): The value of total GCC railway projects in the pipeline stands at more than $240 billion at present, with $69 billion worth of projects currently under construction, according to a report. In terms of overall expenditure on rail, Saudi Arabia and the UAE are spearheading the regional growth. As of January 2017, the kingdom had registered the highest rail construction project value of 50 per cent, followed by the UAE (18 per cent) and Qatar (17 per cent), according to a report produced by Terrapinn Middle East in collaboration with leading construction projects tracker Ventures Onsite.
Nigeria secures $1.5 billion Chinese loan for Lagos-Ibadan rail
The Times of Israel: Armenia-Iran railway project doomed to failure
Turkey, China caught up in rail tender confusion
23/01/2017 (Daily Nation - Kenya): A dispute over a tender to build a $7.6 billion standard gauge railway linking Dar es Salaam to neighbouring countries has provided a tense backdrop to Turkish President Recep Tayyip Erdogan’s visit to Tanzania on January 22-23. Although EXIM Bank of China has signed an agreement with Tanzania to finance the 1,259km line, a Turkish firm is believed to be the front-runner to clinch the contract. EXIM tends to tie its financing to Chinese contractors getting the job. Chinese foreign minister Wangi Yi visited Tanzania two weeks ago to canvass for the tender, but government officials were said to have offered no guarantees.