Railway debt servicing cost exceeded revenue by 1,208.5 per cent in the first half of 2023, an analysis of debt service documents has shown. In the first half of 2023, the government spent $38.59m (N29.98bn at N777/$) on servicing debt for loans obtained to build the Nigeria Railway Modernisation Project […]
Month: December 2023
The European Rail Sector welcomes the conclusion on 18 December of Trilogue negotiations between EU institutions on the revision of the Trans-European Transport Network (TEN-T) Regulation. The Community of European Railway & Infrastructure Companies (CER) acknowledges the immense work and tireless commitment of the Rapporteurs, Shadow Rapporteurs, MEPs, and Council […]
The Nigerian Railway Corporation has announced the commencement of a free train ride on all its passenger services, following the directive of President Bola Tinubu. This was disclosed in a press release by the NRC saying it would commence free train services from Thursday, December 21, 2023, to Thursday, January […]
Finland’s state-owned railway company VR said on Thursday it had seized four trains that it co-owned through a joint venture with its Russian counterpart, Russian Railways (RZD), that used to travel between the two countries. The Russian government had neglected its financial obligations towards the Karelian Trains joint venture, VR […]
ALLRAIL welcomes such newcomers – they will bring more choice and more trains to a market that is chronically underserved.Heuro and other newcomers will be extremely good news for the Amsterdam-Brussels-Paris-London rail network. Indeed, in all countries where high-speed rail competition has been introduced, the fares for passengers have dropped […]
Enugu State government has resolved to partner with the federal government through the Nigerian Railway Corporation (NRC) and other stakeholders to construct a modern terminal and rail transportation to remodel the transport system in the state. Governor Peter Mbah disclosed the plan yesterday at the Government House, Enugu, when he […]
Tanzania Railways Corporation has announced plans to build a 1000km railway across the south of the country, between Lake Nyasa and the Indian Ocean. Business News Africa has reported that the railway will serve Dangote Cement’s local operations, as well as businesses in other industries. The project will cost US$5.6bn, […]
Ukraine’s security service has blown up a rail connection deep inside Russia, a senior official has told the BBC. Successive explosions are said to have happened on trains running first through a tunnel and then on a bridge in Russia’s far east. Russia has reportedly begun an inquiry into a […]
Lagos State government has commenced talks with private investors for feasibility studies the construction of the Green and Purple rail lines systems to be completed in three and half years. The Green Line is a 68 kilometers rail designed to run through Marina, Victoria Island, Lekki Phase 1, Ajah, Lekki […]
By Leah Campbell At COP 28 continues in the UAE, railway sector faces debilitating effects of worsening climate change. Environmental experts have remedies for rail stakeholders. Much of the world still relies heavily on railroads to move people and products. But railway infrastructure—from overhead wires to tracks—is at high risk […]