EUR 734 million CEF funding for Baltic rail connections…and more..(Think Railways)

EUR 734 million CEF funding for Baltic rail connections

The EU will support three fundamental rail projects in the Baltic region with approximately €734 million from the Connecting Europe Facility (CEF) Programme for Transport. The projects, which were selected for funding under the 2014 CEF Transport Calls for Proposals and take place in Estonia, Latvia and Lithuania, will deliver faster travel times and increased capacity to local, regional and international rail services. More

 

Europe’s longest rail freight corridor opens

On the 10th of November Sweden marked the opening of the longest of the nine rail freight corridors that have been set up in the European Rail Network. The corridor extends from Stockholm/Oslo to Palermo. The purpose is to facilitate cross-border rail transport. More

 

Russian Railways’ investment programme to reach RUB 432 bn in 2016

The Russian Government has analysed Russian Railways’ (RZD) investment programme and financial plan for 2016. RZD investment plans will reach RUB 432 bn (EUR 6.2 bn) next year, of which over 50% will be allocated to implementing public projects by the state More

 

Tajikistan Railways plans to purchase two TE33A Evolution locomotives

Tajikistan state railway Rohee Ohani Tojikiston (ROT) plans to purchase two TE33A Evolution diesel locomotives manufactured by JSC Lokomotiv Kurastyru Zauyty (LKZ), a joint venture between Kazakhstan Railways (KTZ) and Transmashholding. More

 

EUR 1.2 bn contract for RZD International in Iran

Russian Railways subsidiary RZD International has signed a contract worth EUR 1.2 bn with Iranian Islamic Republic Railways (RAI) to electrify the Garmsar – Ince Burun railway line, which connects north-central Iran to the northeastern border with Turkmenistan. The project will be financed by the state export credit of the Russian government to Iran. More

 

Agreement on the modernisation of Budapest-Belgrade railway line ratified

The Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó and the President of the Chinese National Development and Reform Commission have signed the inter-governmental agreement on the modernisation of Budapest-Belgrade railway line. More

 

Italy to sell up to 40% of railway group Ferrovie dello Stato Italiane

The Italian Council of Ministers has passed a decree to start the sale of up to 40% stake in Ferrovie dello Stato SpA (FS), under the Italian privatization law. The sale will be made through an initial public offer and could be carried out in several stages. More

 

Lithuanian Railways and China Merchants Logistics Holding to establish JV

Lithuanian Railways and China Merchants Logistics Holding have signed an agreement to establish a joint venture specialising in forwarding and logistics services. The new company, which is expected to launch operations in the first half of 2016, will provide freight forwarding services between Lithuania, Belarus and China, as well as associated logistics. More

 

EUR 1.8 bn JICA loan for commuter railway system connecting Metro Manila and outlying areas

On November 27, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in the capital city, Manila, to provide a Japanese ODA loan of up to 241.991 billion yen (EUR 1.8 bn) for the North – South Commuter Railway Project (Malolos – Tutuban). More

 

Rail monopoly news: UK, DE and FR politics dumps the single market in rail

At the time when UK Prime Minister David Cameron sets out his negotiating position with the rest of the EU to ‘protect the single market’ and ‘boost competitiveness’, his Government is doing precisely the opposite by participating with what looks like a grubby deal to align with France and Germany at the expense of any fair competition or transparency (the basis for an effective single market) in the rail sector. More

 

Bombardier to supply four additional FLEXITY 2 trams to Australia’s Gold Coast

Bombardier Transportation will supply four additional BOMBARDIER FLEXITY 2 trams to Australia’s Gold Coast Light Rail Transit system (GCLRT). This order is valued at approximately $25 million AUD (17 million euro, $18 million US) and is an exercise of an option included in a contract signed in 2011 More