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Polish railway construction market to exceed PLN 6b in 2015

WARSAW: Poland’s railway construction market will grow to some PLN 6.2 billion in 2015 from PLN 5.3 billion in 2014, while the value of production in the following year will likely decline, according to researcher PMR. “As a result of slow launching of investments from the new EU budget, declines in this segment of construction are highly likely in 2016,” ... Read More »

Poland’s PKP railway eyes to complete sale of energy unit in PLN 1.5b by Q4

WARSAW: State railway group PKP has started analyzing binding offers for its power unit PKP Energetyka, seeing “large interest” from strategic and financial investors, and wants to complete the sale of the unit in Q4 at the latest, PKP said in a press statement. “Large interest of investors, both strategic and financial, confirms that PKP Energetyka is a very attractive ... Read More »

Polish railway construction market to exceed PLN 6b in 2015

WARSAW: Poland’s railway construction market will grow to some PLN 6.2 billion in 2015 from PLN 5.3 billion in 2014, while the value of production in the following year will likely decline, according to researcher PMR. “As a result of slow launching of investments from the new EU budget, declines in this segment of construction are highly likely in 2016,” ... Read More »

Finland’s national railway operator VR group cuts 100 jobs

HELSINKI: National railway operator VR Group will launch rolling stock maintenance statutory negotiations on May 4. The negotiations will concern all white-collar employees as well employees outside the collective bargaining agreement. In all, the negotiation concerns 300 employees. The preliminary redundancy need is estimated at 100 employees at maximum. According to VR, the negotiation is necessary due to economic, production ... Read More »

Hungarian PKP PLK railway infrastructure to tender for PLN 11bn in 2015

WARSAW: The PKP PLK management plenipotentiary for strategy and planning Marcin Mochocki said that Poland’s railway infrastructure operator PKP PLK will open tenders for PLN 11 billion in works in 2015 and plans to spend some PLN 8 billion in CAPEX. The PLN 8 billion in 2015 CAPEX will be financed from EU funds to the tune of PLN 6 ... Read More »

Railway linkages nationwide to cost 2 billion dinars, says Lina Shbeeb

AMMAN: The Transport Minister Lina Shbeeb stated that her ministry has a vision of establishing railway linkages nationwide at an estimated cost of 2 billion dinars. Shbeeb said the project comprises a group of packages, the first related to linkage between Aqaba and Ma’an governorates with the land port in Ma’an, the second linking Amman and Ma’an with the port in the ... Read More »

1.5 trillion yuan project: China plans 7,000km rail link with Russia

BEIJING: The municipal authorities of China have planned to build a 7,000 kilometer long railway between Moscow and Beijing at cost of 1.5 trillion yuan (242 billion dollars). The railway will be 7,000 kilometers long. The railway will run through Kazakhstan, and the travel time will make up only two days, Bloomberg reports, citing a statement from the Chinese government ... Read More »

Facilitating pilgrims: Iranian govt decides to link its railway with Iraq

BAGHDAD: To facilitate the pilgrims who wanted to went in Iraq to visit the shrines and holy sites, the Iranian government has decided to linking its railway with Iraq, said the Iranian government spokesman Mohammad Baqer Naubakt in his statement here the other day. News agency IRNA quoted Naubakht, during a press conference after a meeting of the community council ... Read More »

12 coal-loaded trains scheduled to go to Ukraine: Russia

MOSCOW: The head of state-controlled Russian Railways, Vladimir Yakunin said that trains are planned to go to Ukraine. He said 12 trains loaded with coal are leaving for Ukraine. This is a powerful blow to domestic energy suppliers struggling with a severe lack of raw fuel for power plants due to a separatist conflict in the industrial east. The Russian ... Read More »

Iran, Kazakhstan, Turkmenistan railway to help boost trade to $3 billion

TEHTAN:  The Iran-Kazakhstan-Turkmenistan railway could triple annual trade between Iran and Kazakhstan to $3 billion.Kazakhstan Ambassador to Tehran Baghdad Amiriyev said the railway is projected to be inaugurated by Dec.6. In 2007, Iran, Kazakhstan and Turkmenistan signed an agreement to construct the North-South Transnational Corridor. The route will link Uzen in Kazakhstan with Gyzylgaya-Bereket-Etrek in Turkmenistan and end at Gorgan ... Read More »