Italy: FS backs down on high-speed tariffs increase
Following opposition to the tariffs increase, Italian state railway company Ferrovie dello Stato (FS) halved the price hike for high-speed […]
Financial
Yucatán State to invest in rail infrastructure
The local government of Mexico’s Yucatán state will invest 200 million pesos (USD 9.1 million) as part of a project […]
Iran assigned USD 572 million for rail expansion projects
The government in Tehran has earmarked 18.5 trillion rials (USD 572 million) to complete a set of ongoing rail projects, […]
Northern Latitudinal Railway financial model presented to the Government
„The Northern Latitudinal Railway is one of the primary and promising projects for the development of the Arctic zone. This […]
India to set up a USD 5 billion rail fund
Indian Railways issued a draft cabinet note for setting up a USD 5 billion Railways of India Development Fund (RIDF). […]
Russia to invest USD 700 mln for railway modernisation in East-Siberian region
Russian Railways will invest RUB 42.8 billion (USD 722 million) for East-Siberian railway infrastructure, representing a 7.8% increase compared with […]
RZD wants reassessment of Swiss francs use as settlement currency
RZD has suggested reviewing the use of Swiss francs as a settlement currency for transit traffic, president of the company […]
Minneapolis: federal approval for Blue Line LRT
The Federal Transit Administration gave its approval for the Blue Line light rail project to move into the engineering phase. […]
Kazakhstan and UAE to establish a joint infrastructure investment platform
Kazakhstan Temir Zholy and Etihad Rail have discussed the implementation of joint infrastructure projects in the UAE, as well as […]
The „Moroccan TGV” to receive USD 160 million financing
Morocco will receive a MAD 1.6 billion (USD 160 million) loan from the Arab Fund for Economic and Social Development […]