China: The Export-Import Bank has negotiated a ´11·6bn loan for the Shuoxian - Huanghua heavy-haul coal line. The money will allow the autonomous Shenhua (Group) Co Ltd to purchase 20 high-power locos and 3000 coal wagons.

From June 1 the Hang Seng Index includes Mass Transit Railway Corp. MTR has the tenth largest market capitalisation of the 33-share index.

Iran: Japan Bank for International Co-operation and Bank of Tokyo-Mitsubishi have arranged a ´513m loan with Bank Melli Iran. It will finance the export of Japanese equipment for modernisation of the 1066 km route from Tehran to Khorramshahr and Bandar Emam Khomeyni.

Sudan: Islamic Development Bank has agreed to lend US$17·2m to Sudan Railways to purchase 180 freight wagons.

Vietnam: Japanese Overseas Development Assistance is providing 71·9bn dong to upgrade five bridges on the Hanoi - Ho Chi Minh City line to take 16 tonne axleloads and allow trains to run at 80 km/h. Work will be carried out by Japan’s Rinkai Construction Co and Matsuo Bridge Co, with Civil Engineering Construction Corp of Vietnam.