Archive for December, 2014

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    • MENA Rail Projects Worth $490bn
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    MENA Rail Projects Worth $490bn

    By on Dec 30, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    Eleven MENA region countries are investing a total of $490bn in new railway networks, as well as upgrading existing networks, according to a report published by Timetrec’s Construction Intelligence Centre. Along with the major railway projects in Saudi Arabia, the UAE and Oman there are some surprises. For instance, Iraq is investing USD $70bn in […]

    Etihad Rail signs MoU with Maqta Gateway Project
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    Etihad Rail signs MoU with Maqta Gateway Project

    By on Dec 24, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Oman, Ports, Stations & Terminals, Qatar, Rail, Saudi Arabia, UAE

    In a ceremony with hundreds of senior officials from across the UAE, Etihad Rail signed a Memorandum of Understanding to participate in the Maqta Gateway, a system designed to improve the efficiency of all exports and imports through Abu Dhabi Port. The Maqta Gateway project is an electronic and physical gateway allowing shippers, shipping lines, […]

    One Third of all GCC Transport Infrastructure Spend on Rail
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    One Third of all GCC Transport Infrastructure Spend on Rail

    By on Dec 23, 2014 in Bahrain, Building, Freight, High Speed Rail, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, UAE

    As the six nations of the Gulf Cooperation Council invest in regional and national infrastructure, it has come to light that one third of overall spend on infrastructure projects is on railways. Between the six nations, USD $298 billion is planned to be spent on railway projects alone. Of the GCC nations, Saudi Arabia is […]

    Turkmenistan Expresses Interest in BTK Corridor
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    Turkmenistan Expresses Interest in BTK Corridor

    By on Dec 22, 2014 in Freight, Georgia, Infrastructure, Infrastructure, Investment, Iran, Passenger Rail, Rail, Turkey

    During the Georgian president’s official visit to Ashbagat, the Turkmen President expressed an interest in joining into the Baku Tbilisi Kars (BTK) railway transport corridor as an opportunity to gain fast access to the European markets. Georgian premier Giorgi Margvelashvili was visiting Turkmen President Gurbanguly Berdimuhamedov to discuss bilateral trade and cooperation issues. Berdimuhamedov showed […]

    Etihad Rail Economic Rate of Return Rated at 15%
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    Etihad Rail Economic Rate of Return Rated at 15%

    By on Dec 21, 2014 in Bahrain, Infrastructure, Infrastructure, Investment, Oman, Qatar, Rail, Saudi Arabia, UAE

    An Oxford University economics professor has estimated that the Economic Rate of Return (ERR) of the new Etihad Railway Network will be in the region of 15%. This is as against the minimum ERR suggested by the World Bank of 10%. The ERR is defined as the benefit a project brings right across an economy, […]

    Work Almost Stops on BTK Railway
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    Work Almost Stops on BTK Railway

    By on Dec 20, 2014 in Azerbaijan, Georgia, Infrastructure, Turkey

    It is reported that work has slowed to a crawl on the Baku Tbilisi Kars (BTK) railway despite the new line being over 80% complete. Reports suggest that on the Turkish side of the line, inspectors found one excavator and four trucks on the construction site. The contractor building it has taken six years to […]

    GCC Railway Network Behind Schedule?
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    GCC Railway Network Behind Schedule?

    By on Dec 19, 2014 in Bahrain, Infrastructure, Kuwait, Oman, Qatar, Saudi Arabia, UAE

    Last week the six member states of the Gulf Cooperation Council reaffirmed plans to have the initial phase of the GCC Railway Network in place by 2018 despite widespread doubts that this will be possible. The GCC summit in Doha met to discuss a wide range of issues from regional security to trade and infrastructure. […]

    EBRD Invests in Balkans to Turkey Railway Transport Corridor
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    EBRD Invests in Balkans to Turkey Railway Transport Corridor

    By on Dec 18, 2014 in Infrastructure, Investment, Turkey

    The European Bank for Reconstruction and Development (EBRD) has announced it will loan €145 million to Macedonia to upgrade its railway lines. This is as part of wider plans to connect the Balkans with Turkey, enabling the economies along the route of the Pan European Transport Corridor VIII to benefit from improved trade across the […]

    New Kazakh Built Locomotives for Turkmenistan
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    New Kazakh Built Locomotives for Turkmenistan

    By on Dec 17, 2014 in Freight, Infrastructure, Iran, Passenger Rail

    Turkmenistan has received the first of its order for a number of Lokomotiv Kurastyru Zauyty (LKZ) locomotives to move goods and people along the Kazakhstan Turkmenistan Iran railway. The LKZ locomotives were designed by GE Transportation for the US market but have been modified for the extreme weather conditions found in the region. Turkmenistan has […]

    Stevin Rock Signs MoU With Etihad Rail
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    Stevin Rock Signs MoU With Etihad Rail

    By on Dec 16, 2014 in Freight, Infrastructure, Ports, Stations & Terminals, UAE

    Construction aggregates quarrying company Stevin Rock has signed a Memorandum of Understanding (MoU) with Etihad Rail to move aggregates from its quarries in the UAE to distribution depots around the country. This is the latest in a number of MoU’s between Etihad Rail with private enterprises as the state owned company seeks to expand the […]

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