KAZAKHSTAN: Speaking at the 25th meeting of the Council of Foreign Investors on May 22, President Nursultan Nazarbayev set out his vision for a 'New Silk Road' strategy to exploit the country's potential as an east-west and north-south transit hub by 2020.
Rail projects in the strategy include the completion by 2015 of an 988 km east-west railway to fill the gap between Zhezkazgan and Beineu, and a 214 km line to link Arkalyk and Shubarkol.
KAZAKHSTAN: A memorandum of understanding setting out plans to establish a US$90m diesel engine manufacturing plant in Astana was signed by GE Transportation, TransmashDiesel and national railway KTZ on May 23.
KAZAKHSTAN: A €230m framework for Siemens to supply electrification equipment and assist with the modernisation of more than 40 traction substations was included in a series of trade agreements signed when President Nazarbayev visited Germany in February.
KAZAKHSTAN: President Nursultan Nazarbayev opened the first section of the Almaty metro on December 1, and the Ministry of Transport & Communications has announced that funding has been secured to construct the second phase.
EUROPE: The European Rail Freight Association has called on the new European Commission to modernise the State Aid Guidelines for Railway Undertakings to take into account developments in the 11 years since the current guidelines were created. The organisation which represents new entrants to the freight ...
EUROPE: Railway industry associations have welcomed the transport sector proposals in the EU Green Deal package outlined by new Commission President Ursula von der Leyen during a plenary session of the European Parliament on December 11.
GERMANY: Deutsche Bahn is looking to float its international public transport operating subsidiary Arriva on the stock market next year, CEO Richard Lutz told local media on December 4.
