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The privatisation of the workshops is part of Phase 3 of the reform of RZD, one of the aims of which is to develop competition in the rolling stock maintenance and repair sector. RZD expects to raise at least Roubles 2.6 billion ($US 109.2 million) from the sale.
The notice to proceed also includes a 10-year extension of Alstom’s existing contract to maintain the Pendolino fleet, beginning at the end of the current contract term in April 2012. The Pendolinos are currently used by Virgin West Coast on services from London to Brimingham, Manchester, Liverpool and Glasgow. Virgin’s franchise ends in 2012.
Toll Holding’s managing director Mr Paul Little said on Monday that the company did not want to sell and from Toll’s point of view, the deal was a compromise. New Zealand Rail Limited was sold by the government for $NZ 400 million in 1993 to the Tranz Rail consortium, which was headed by Wisconsin Central, United States. When Tranz Rail was sold to Toll a decade later the government bought back the rail infrastructure, which is now the responsibility of Ontrack. The government has been attempting to reach an agreement on track access charges with Toll ever since. Ironically, Toll will now be the railway’s largest customer, spending around $NZ 60 million a year. It will also be a customer with a unique knowledge of its supplier’s operations and with trucking operations still bringing in $NZ 200 million in revenue, Toll could potentially be a very competitive rival for the new rail company.
The government plans to invite private companies to invest in the new lines under concession agreements, and it says rolling stock manufacturers will be given priority in the bidding process if they agree to set up manufacturing sites in Thailand. The new lines are intended to increase rail’s share of the freight market from 2.8% to 10%.
Once approved by the Swiss Federal Office of Transport, work will begin on the infrastructure installation base. Installation will begin at the southern portal in 2009, and the northern portal in 2012, and is expected to take seven years to complete. The tunnel will be the longest in the world when it opens in 2017.
The provisional administrator will perform three functions: to manage the UIC in liaison with the CEO, to initiate a financial audit, and finally to convene a general assembly to approve the audited accounts and restore normal operation of the UIC. The problems at the UIC stem from the adoption of new statutes in 2006 designed to turn the UIC into a truly global organisation. This quickly led to a power struggle between the older European, Japanese and Korean members and the newcomers from Southeast Asia and Africa, who believed too much power resided with the older members. The UIC executive board has 21 members representing all areas of the world, and with only four European members. By contrast, the UIC’s General Assembly is dominated by Europeans who represent 80% of the members. The first concrete result of the dispute is the retirement of the UIC’s secretary general Mr André Michel.
The 10km line will open in 2011 and will run along Al Safooh Road from Madinat Jumeirah and Mall of the Emirates to Dubai Marina and Jumeirah Beach Residence. The line will be elevated around Dubai Marina, and interchanges will be built with the Metro Red Line in Shaikh Zayed Road. Alstom will supply 11 Citadis 402 LRVs, which will be equipped to operate from an APS ground power supply system, obviating the need for catenary. The 13 stations will be the first light rail stations in the world to be equipped with platform screen doors, which will allow platforms to be air-conditioned. The contract includes an option to build phase 2 of the line, which will be a 4km extension with six stations. A further 14 LRVs would be required to operate the extended line.
Within hours of the incident, two senior officials of the Jinan Railway Bureau had been sacked as the Ministry of Railways began its investigation into the derailment. The accident is the worst on China’s railways since 1997.
“We have been moving towards this moment for seven years,” Yakunin said. “I am convinced the agreement signed today will serve to strengthen economic ties between Russia and North Korea, and between North Korea and South Korea.” A Russian-North Korean joint venture will build a new container terminal at Rajin as part of the project. Russian Railways officials refused to be drawn on the cost of the project, or when it will be completed. News managed by NewsPro. For older news, visit the Latest News Archive For Rail Industry News In North America, visit Railway Age and Railway Track & Structures. |
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