CHINA: Investors including Bank of China signed an agreement on May 6 to establish Jinyulu Railway Channel Co, which will develop a 99·8bn yuan freight line running 1260 km from coal mines at Xingxian in Shanxi province, through Henan to the Yellow Sea port of Rizhao.
Bank of China is to invest 7·5bn yuan to take a 14·5% stake in the joint venture. The bank has also announced plans to spend 6bn yuan on a 4·5% stake in Beijing-Shanghai High Speed Railway Co.
USA: The Governor of California has signed legislation designed to accelerate electrification by exempting zero-emission railway projects on existing lines from requirements of the California Environmental Quality Act, which can lead to legal delays. The bill passed with bipartisan support was signed by Governor Gavin Newsom ...
AUSTRALIA: Australian Rail Track Corp has completed the Narrabri to Turrawan Line Upgrade project ahead of what it expects to be one of the largest grain harvests in years for farmers in northwest New South Wales. The A$44·7m federally funded modernisation of the 35 km route ...
THAILAND: South Korean company LS Electric has awarded Hitachi Rail a contract to supply ETCS Level 1 trackside equipment as part its work to renew signalling and telecoms on two State Railway of Thailand main lines. SRT is undertaking a programme to increase the speed of ...
