Iran to invest $25bn in railway upgrades
Iran announced plans to invest $25bn over the next ten years in the modernisation and expansion of its railway network.
The investment is expected to extend Iran Railways’ track length from the current 15,000km to 25,000km by 2025.
Go deeper with GlobalData
The upgrade would support the efforts of the country to align with the regional rail networks in the Persian Gulf and the subcontinent to Central Asia.
Japan offers to fund India’s $15bn bullet train project
Japan reportedly offered to finance India’s first bullet train project between the western cities of Ahmedabad and Mumbai, a distance of 505km.
The loan, which is likely to cover 80% of the $15bn project, will be granted at an interest rate of as low as 1%, provided India agrees to buy 30% of required equipment from Japan.
See Also:
The equipment would include coaches and locomotives, unidentified officials were quoted by media reports as saying.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataChina forms joint venture to build $5.5bn high-speed rail line in Indonesia
China Railway International signed a agreement to form a joint venture with a consortium of Indonesian state companies to build the first $5.5bn high-speed rail link between Jakarta and the West Java provincial capital of Bandung, Indonesia.
Construction under the project is expected to start next year and end in 2018, with the line scheduled to begin operating in 2019.
The high-speed railway is the biggest infrastructure project started by Indonesian President Joko Widodo.
Network Rail warns people against taking photos on railway tracks
UK rail infrastructure operator Network Rail (NR) warned people to stop taking photos on railway tracks.
The warning was issued after CCTV captured eight such dangerous incidents on the same spot in a single day on 30 August, at a level crossing in Matlock Bath station in Derbyshire.
The video footage shows adults and children taking selfies, talking on the phone while walking along the line, and even sitting down to pose for pictures on the tracks.
TfL launches new transparency strategy
Transport for London (TfL) launched a new transparency strategy, through which it intends to provide better access to information and more clarity around the release of key data.
Earlier this year, TfL carried out a public consultation with customers and stakeholders about how it could increase public access to the information it holds.
As a result of the consultation, TfL received 93 responses from a range of stakeholders, with suggestions about information they would want the organisation to release.
Australia spends A$222m to remove ‘deadly’ St Albans level crossing in Melbourne
Work started on removing the St Albans level crossing on Main Road in Melbourne, Australia, which has been blamed for the deaths of 16 people.
Under the A$222m project, the platforms at St Albans will be rebuilt below street level, and the rail line will pass under Main Road.
Leighton Contractors, in partnership with Aurecon and Hyder Consulting will be responsible for carrying out the project, being jointly funded by the state and the federal governments.
Qatar Rail floats tender for 12 Doha Metro station works
Qatar Rail invited bids from consultants and contractors to develop 12 railway stations for the Doha Metro project.
Starting 25 October, Qatar Rail started accepting tender forms to carry out these works under the project, reported Al Sharq.
The first phase, covering 37 stations, will be completed by 2018, with the second phase of 60 stations by 2030.
Cable theft halts high-speed rail services in Barcelona
High-speed (AVE) rail services in the Spanish autonomous community of Catalonia came to a halt due to a cable fibre theft.
More than 20 trains were stopped, affecting around 9,000 passengers travelling to Madrid and the French border, as well as other locations.
The first service to be halted was between the cities of Barcelona and Girona.
Sri Lanka to call bids for $2bn urban railway project
Sri Lanka will be calling for international competitive bids for its first urban railway project, which would connect the centre of the capital city Colombo to its suburbs.
The 30km rail project is likely to begin in 2019.
Sri Lanka’s Board of Investment chairman Upul Jayasuriya was quoted by the Nikkei as saying that the government is planning to build either monorails or subways for the project, which is estimated to cost $2.5bn.
