National Railways of Zimbabwe is planning to establish a mineral prospecting firm which General Manager Air Commodore Michael Karakadzai said will exploit 'under-explored potential' to earn critically-needed foreign currency. 'Since colonial days NRZ and Zimbabwean railways have jointly held mineral prospecting rights in South Africa,' he said.
Reversing a cancellation by the Minister of Transport during March, the Indonesian government has revived plans for a 98 km rail link between Simpang and Tanjung Api-api port on the east coast of Sumatra. Having received backing from President Yudhoyono, work on the Rp1 540bn project is to begin later this year.
Korea International Co-operation Agency completed a two-year feasibility study into a fast rail link between Nha Trang and Ho Chi Minh City during March. The 369 km line in southern Vietnam would allow speeds of 180 km/h and could form the first section of a high speed line to Hanoi, but the cost is put at US$7?8bn.
JR-Freight is to appoint an engineering committee which will look at options for the introduction of diesel-battery hybrid shunting locomotives in Japan.
The construction of a 800?km railway between Brazzaville and the north west of the Republic of Congo has been proposed by a South Korean consortium. The scheme is subject to feasibility studies and the granting of forestry concessions.
South Africa's Kwazulu-Natal province is developing plans for a Durban - Johannesburg fast rail link, to reduce the number of lorries on the N3 national road.
Mexican firm MHFM Transport Holdings has signed a memorandum of understanding with Chinese firm Arias Asia and Japanese partners for the development of a US$2bn privately-financed electrified rail link across Mexico between the Pacific port of Salina Cruz and Coatzacoalcos on the Gulf of Mexico. A 25-year BOT concession is envisaged for the line, which would compete with the Panama Canal for traffic between the Pacific and Atlantic oceans.
INTERNATIONAL: ProMedia Group has acquired DVV Media International’s UK-based portfolio of rail, aviation, logistics and human resources publications and events, including the Railway Gazette Group.
UK: The rail sector has responded to the budget statement delivered by Chancellor Rachel Reeves, which the Railway Industry Association said ’contained limited new measures affecting the railway industry and rail businesses’.