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Summit between Eurasian countries firms up Transport and Transit Corridor

By Sam Applegate on Nov 17, 2014 in Azerbaijan, Freight, Georgia, Infrastructure, Infrastructure, Iran, Passenger Rail, Rail, Turkey

Five Eurasian countries discussed a new transport and transit corridor between Turkey and Afghanistan. This will boost trade in the region and help stabilize the situation in Afghanistan by aiding it in diversifying its economy. Turkey, Georgia, Azerbaijan, Turkmenistan and Afghanistan discussed improving economic relations in Eurasia through the construction and implementation of the transport […]

Railway Business Mushrooms in MENA Region

By Sam Applegate on Nov 14, 2014 in Bahrain, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, Turkey, UAE

With railway investment said to be in the region of USD $300 billion in the Middle East North Africa (MENA) region, there has never been a better time to invest in railways in the area. The Emirate of Dubai alone is building over 30,000 km of track, the bulk of which is for high speed […]

China Plans New Silk Road

By Sam Applegate on Nov 11, 2014 in Bahrain, Egypt, Infrastructure, Infrastructure, Investment, Iran, Iraq, Oman, Qatar, Rail, Saudi Arabia, Turkey, UAE

China has announced plans to invest in railways connecting Europe and the Far East via Middle Eastern countries including Iran, Kyrgyzstan, and Kazakhstan. This will give a cheaper alternative to supplying Europe goods by air and a faster alternative to moving goods by sea. Cargo trains already move between the two regions - notably on […]

North South Railway a Priority in Iran

By Sam Applegate on Nov 07, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Iran, Oman, Qatar, Rail, Saudi Arabia, Turkey, UAE

The Gorgan-Incheh Boroun-Turkmenistan railway linking Kazakhstan with Iran’s Persian Gulf ports is a major priority for IRNA according to the Director General of the North Railway Department Yussef Geran Pasha. The line will carry up to 3 million tonnes of grain via Persian Gulf ports to the rest of the world once complete, a significant […]

Ethiopia Lands $865 Million Loan to Pay for New Railway

By Sam Applegate on Oct 29, 2014 in Bahrain, Freight, Infrastructure, Infrastructure, Investment, Oman, Passenger Rail, Qatar, Rail, Saudi Arabia, Turkey, UAE

Ethiopia has announced that it has agreed a commercial loan to finance a major part of the National Railway Network of Ethiopia. The USD $865 million loan comes from two groups, a commercial seven year loan of $450 million and $415 million from a Swiss led group. Turkey’s Exim Bank has agreed to pay a […]

Addis Ababa: Djibouti Railway to be Complete by 2016

By Sam Applegate on Oct 17, 2014 in Djibouti, Freight, Infrastructure, Infrastructure, Investment, Passenger Rail, Rail, Syria, Turkey

Ethiopian Premier Hailemariam Desalegn has announced that the 1500km Addis Abeba - Djibouti railway line will be completed by 2016. Half of the route, which will enable Ethiopian trade to access global trade routes by sea, is already complete. Two sections are being built by a Turkish and a Chinese firm. The USD $6.5 billion […]

Ethiopia Requests $700 Million Loan to be Released for New Railway

By Sam Applegate on Oct 07, 2014 in Infrastructure, Infrastructure, Investment, Rail, Turkey

Ethiopia has asked for a loan by the Turkish Exim Bank to be released, so the country can build a new railway linking the north of the country with its central region. The 389km railway will link Awash and Waldia. The request was made in a meeting in New York between Ethiopia’s Tedros Adhanom and […]

Turkish Development Bank to Support Upgrade of Jordan Railway

By Sam Applegate on Sep 26, 2014 in Building, Infrastructure, Investment, Jordan, Passenger Rail, Ports, Stations & Terminals, Rail, Turkey

In a bid to build a railway between the cities of Zarqa and the country’s capital, Amman to , the Jordanian government has approached the Development Bank of Turkey for support in financing the project. Engineers are being sent from Turkey to assess the work required and to cost the project which is already under […]

Iran to Focus on European Railway Link

By Sam Applegate on Sep 05, 2014 in Infrastructure, Iran, Passenger Rail, Ports, Stations & Terminals, Turkey

Faced with a budget deficit, Iran’s railway operator Iran Railways has announced that it will focus on constructing the Mianeh - Tabriz railway in the Northwest of the country that will enable freight to be transported to Central Asia and Europe. This should boost trade for the railway and country, making Iran a major hub […]

Golden Eagle Danube Express to Begin Service in October

By Sam Applegate on Sep 01, 2014 in Iran, Passenger Rail, Turkey

A new luxury train service is to run between Budapest and Tehran. The two week trip will set passengers back €10,000 to €23000 and provide luxury travel by train that hasn’t been matched since the Orient Express last travelled across Eurasia in 2009. Over the two week trip the train will leave Hungary, and pass […]

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