Indonesia's transportation ministry said Friday that it is seeking foreign investment to develop its railway industry, as the country has planned to have 7,451 km of train tracks by 2024.
Another railway project involving a Chinese contractor has plunged into deep uncertainty after a government committee directed the authorities not to take the hard loan arranged by the company.
The Passenger Rail Agency of South Africa (PRASA) is at an advanced stage of reconstructing and modernizing infrastructure and remedying the maladministration and corruption in the state-owned enterprise, said Minister of Transport Fikile Mbalula Wednesday. "We are conducting the oversight on the reconstruction and recovery work intended to rehabilitate our…
The Chinese-built 752 km Addis Ababa-Djibouti Standard Gauge Electrified Railway has recorded 1.86 billion birr (40 million U.S. dollars) in revenues during the just concluded Ethiopian 2021/2022 fiscal year which ended on July 7, an Ethiopian official said on Friday. Teshome Eshete, Chief Operations Officer of Ethiopia-Djibouti Standard Gauge Railways…