Export credit agencies from the UK, Italy, Poland, and Austria have joined Mitsubishi UFJ Financial Group (MUFG) to secure €1.247bn to build a high-speed railway in Turkey. Turkey’s Ministry of Transport and Infrastructure wants to build a fast, 140km electrified line between Yerköy and Kayseri. It’s expected to support economic […]
Four people have been reportedly killed and many others injured after two trains carrying hundreds of passengers collided in Indonesia on Friday. The crash between an intra-city train carrying 287 passengers and a local line with 191 onboard took place at 6:03 am local time, 1103 GMT, near Cicalengka. An […]
The Managing Director, Nigerian Railway Corporation, NRC, Fidet Okhiria, has said that the corporation will begin the Port-Harcourt-Aba, Lagos to Kano train services for both passengers and freight in the first quarter of 2024. Mr Okhiria made the disclosure in an interview with the News Agency of Nigeria, NAN, in […]
The Managing Director of the Nigerian Railway Corporation (NRC), Engineer Fidet Okhiria has said that multiple handling charges by seaport operators was the main reason why customers abandoned rail and moved their cargo by road. He also revealed that paucity of funds has also put the commencement of work on […]
The Nigeria Railway Corporation has concluded plans to launch night operations before the second quarter of 2024. The Managing Director of NRC, Fidet Okhiria, disclosed this during an interview with the News Agency of Nigeria on Monday. He started, “What is limiting us is the night operations, and that is […]
The Managing Director, Nigerian Railway Corporation, Mr. Fidet Okhiria, has said that the corporation will begin six train trips daily on the Standard Gauge Train across the board in 2024. Okhiria disclosed in an interview with the News Agency of Nigeria in Lagos State, on Monday. He said that the […]
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 […]
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 […]