THE European Union (EU) will allocate Lats 400m ($US 752m) towards a programme to electrify Latvia's railway network, according to a statement issued by the Latvian Ministry of Transport. The Ministry says that the work is scheduled to begin by the end of this year and will last up to 2020.
ETIHAD Rail, the developer and future operator of the United Arab Emirates' railway network, has secured a $US 1.28bn loan to finance Stage One of its inaugural project to build the 264km dedicated freight route from Shah and Habshan to Ruwais.
TITAGARH Wagons and FreightCar America announced on February 22 that they have agreed to dissolve their Indian joint-venture company Titagarh FreightCar Private Limited, which was formed in 2008 with the aim of manufacturing and selling aluminium-bodied coal wagons in India.
A surge in rolling stock procurement and infrastructure investment is required in Germany in the near future to meet growing demand for rail transport. However, doubts exist over the level of funding available for these projects.
POLISH State Railways (PKP) subsidiary PKP Cargo has become the latest potential buyer to be linked with ZSSK Cargo as the Slovak government continues its search for a strategic partner for the ailing Slovakian state-owned railfreight operator.