Rail

MENA rail contracts reach US$434 million in Q1 2013

rail  nachansRail contracts worth US$434mn have been awarded throughout the Middle East and North Africa (MENA) region in Q1 2013, a report from business intelligence agency MEED has revealed

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India to sanction loan for Africa rail project

railroad  Wouter KielIndia will lend US$300mn to fund a railway line connecting Ethiopia and Djibouti as part of its programme to invest in Africa

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Infrastructure Bank to fund Nigerian rail project

rail CraigSunterNigerian financial agency Infrastructure Bank has plans to invest US$2bn in a Lagos Red Line mass transit system which will transport at least two million passengers daily from Alagbado to Marina

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GE to assemble 200 locomotives for Nigeria

train chatchavanNigeria has announced a partnership with General Electric (GE) under which GE will assemble 200 rail locomotives over a 10-year period

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South Africa's Transnet and Chinese bank sign deal to boost infrastructure

transnetfrieghtSouth African railway company Transnet and the China Development Bank have signed a cooperation agreement to finance the construction and upgrade of South African railway and port infrastructure

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