RUSSIAN private railfreight operator Globaltrans has signed a Roubles 2.5bn ($US 76.7m) seven-year loan agreement with the European Bank for Reconstruction and Development, which will help it to fund 10,000 new wagons and the acquisition of new locomotives when the liberalisation of the Russian locomotive market is completed.
BRAZILIAN mining giant Vale has been granted environmental licenses for its huge $US 19.5bn project (called S11D) to develop a new iron-ore mine at Serra Sul to the south of its existing Carajás mine and associated rail and port links.
CANADIAN National President and CEO Mr Claude Mongeau has commended the Canadian government’s three-year Rail Freight Service Review (RFSR), saying it "provides the impetus for CN and the rail industry to re-engage with customers", but warns that powerful customer interests advocate an “intrusive” regulatory approach.
RUSSIAN Railways (RZD) and Sinara have agreed to produce and develop mainline natural gas-powered turbine locomotives. Mr Vladimir Yakunin, president of RZD, and Mr Dmitry Pumpyansky, president of Sinara, signed the agreement at the St Petersburg Economic Forum today with a contract for delivery of a prototype locomotive expected to be agreed by August 1.
IN an effort to address conflicting proposals put forward by coal mining companies for new railways to serve the coalfields of the Galilee and Bowen Basins, the state government of Queensland has announced its preferred options for two new lines in the region.
A proposed east-west corridor would extend the QR National (QRN) narrow-gauge network from Moranbah to the central Galilee Basin, providing links to the ports of Abbot Point, Dalrymple Bay and Dudgeon Point.
The government also says it will allocate a corridor for a line that will serve several large mines proposed in the southern Galilee area. This will straddle the alignment being proposed by GVK-Hancock Coal for a new 500km standard-gauge line north to Abbot Point. These are the only two corridors where the government is likely to use its powers to compulsorily acquire land for new rail projects.
The state government says that there will be the option for other mining proponents to co-locate their own lines within the north-south corridor should they consider that to be more commercially viable. BHP Billiton has already indicated a preference for its own infrastructure.