The underground line to Sofia Airport will be finalized in 2014, sooner than initially estimated, Prime Minister Boyko Borisov declared. Other lines will be finalized before the deadline. The section Mladost-Tsarigradsko Shosse will be inaugurated at the end of May-beginning of June this year and the extension to Hemus Hotel will be ready by the [...]
Container transportation and logistics group FESCO has raised its stake in container shipping company TransContainer, which is controlled by Russian Railways, from 18.5% to 21.5%. The development strategy of the company is implemented under previously established plans on the 100% stake in TransContainer. Currently, Fesco is the second big holder of TransContainer, “the acquisition of [...]
The World Bank announced that it is making USD 27 Billion in funding available over the next two years for countries of Emerging Europe and Central Asia (ECA) impacted by the Eurozone crisis. “While the effects of the Eurozone crisis on the largest economies of Western Europe receive most of the world’s attention, the crisis [...]
Sources from Austrian Railways (OBB) has dismissed rumours that it is preparing the privatisation of its cargo unit. The rumours about a privatisation of Rail Cargo Austria (RCA) were triggered by OBB hiring Vienna Capital Partners (VCP) as advisor. The sources made clear in the report that VCP was not hired to find a strategic [...]
The Kazakh railways and National sea shipping company “Kazmortransflot’ signed an agreement on cooperation to create ‘Sea-Land’ integrated transport and logistic product, the Kazakh railways reported on Thursday. This document aims at integrating ground and sea transport to form transport and logistic system of Kazakhstan. Its practical implementation will contribute to development of export and [...]
Starting with this month, French company SNCF will set up a subsidiary to deal with rail track works, maintenance and catenary network works. The new company will have around 100 employees and a turnover estimated at EUR 17 Million. The employees of this subsidiary will not have the status of railway employees which will reduce [...]
Starting with the end of January, the decree on rail stations and related infrastructures has come into force in France. Although delayed, after having been initially announced for the summer of 2011, the decree sets the foundation of railway liberalisation and guarantees a non-discriminatory access for competitors. The document stipulates a new organisation of SNCF’s [...]
The Indian Government wants to set up an institution to deal with the implementation of high-speed projects. For the time being, the project awaits for the approval of the cabinet. It is not known if the proposal will be included in the next rail budget. The government already has a plan to create six corridors [...]
The World Bank announced that it is making USD 27 Billion in funding available over the next two years for countries of Emerging Europe and Central Asia (ECA) impacted by the Eurozone crisis. “While the effects of the Eurozone crisis on the largest economies of Western Europe receive most of the world’s attention, the crisis [...]
Azerbaijan’s state oil company, SOCAR, has become part of the neighbouring countries’ projects and currently builds a new refinery at the site of Petkim Petrokimya Holding, a project estimated at USD 5 Billion. SOCAR will totally invest in Turkey`s economy USD 17 Billion, declared the president of SOCAR Energy Turkey, Kenan Yavuz. SOCAR has already [...]
According to Estonia Statistics Institute, in 2011 the production of industrial enterprises grew by 18% compared to the previous year. The rapid growth in production grew steadily more than 20% compared to the same month of the previous year until August 2011. Since September the growth in manufacturing slowed down considerably. At the end of [...]
Four bidders have been pre-selected for the phase I of Jaipur Underground (north-western India): Reliance Infrastructure; a consortium led by Essar Projects (India), including Samsung C&T Corp.from Korea; a consortium led by Soma Enterprises including Inversiones en Concesiones Ferroviarias (Spain) and a consortium led by Gammon Infrastructure Projects Ltd including Iridium Concesiones de Infraestructuras (Spain). [...]
The underground line to Sofia Airport will be finalized in 2014, sooner than initially estimated, Prime Minister Boyko Borisov declared. Other lines will be finalized before the deadline. The section Mladost-Tsarigradsko Shosse will be inaugurated at the end of May-beginning of June this year and the extension to Hemus Hotel will be ready by the [...]
Bombardier Transportation signed a contract on the delivery of 60 Flexity trams for Basel (Switzerland). The contract is valued at EUR 184 Million and consists of options for several deliveries: the first delivery comprises the vehicle specifications and two FLEXITY trams. The first new trams will enter operation in 2013. From 2014, two new FLEXITY [...]
The General Manager of the Metropolitan Agency for Sustainable Development in Braşov, Dragoş David, announced on January 26 the finalization of the project called “Elaboration of the sustainable development strategy of Braşov metropolitan area”, co-financed from the European Social Fund through the Operating Programme Development of the Administrative Capacity 2007-2013, worth RON 848,043.45 (EUR 195.5 [...]
For making the traffic of buses on line 102 more efficient, the operator changes the route of the 16.75-km line starting Saturday 21, 2012 by using the intermediary terminal CET Sud Vitan. Consequently, line 102 will connect the terminals Cora Pantelimon and CET Sud Vitan, on the route Şos. Dudeşti – Pantelimon, Şos. Gării Căţelu, [...]
German Rail (DB) is to transfer some inter-city services to a new subsidiary in a move that is likely to boost the profitability of its long-distance passenger unit. DB Transport will be part of DB Regio and will take over inter-city routes 35 (Cologne – Norddeich Mole), 55 (Cologne – Leipzig) and 56 (Norddeich Mole [...]
Transmashholding is to supply state railway UZ with 230 Type 2ES4K electric freight locomotives for 3 kV DC routes and 70 Type 2ES5K locomotives for AC routes. Last August the government approved a 28.7bn hryvnia (EUR 2,71 billion) renewal programme which would see 509 locomotives ordered in 2012-16. A preliminary agreement was reached for TMH [...]
Thales has been awarded a contract by IHI Corporation to re-signal the automated people mover (APM) located within Hong Kong international airport, with a state-of-the-art solution. Thales will supply its radio-based SelTrac CBTC system for the existing lines and for a planned extension to the Midfield Concourse, which will service a third runway. The CBTC [...]
A representative delegation of the Turkish Transport Ministry led by the minister’s chief advisor Dr Metim Erebakan arrived in Tbilisi on Friday, January 20th. The delegation includes directors of the largest plants on production of cargo and passenger carriages and locomotives. The delegation held talks with the management of the Georgian railways and the Georgian [...]
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