Asia Archives - Page 134 of 335 - International Railway Journal

Asia

July 13, 2020 | Financial

MRT Jakarta seeks funding for network expansion

MRT Jakarta will apply for an additional Rupiah 10 trillion ($US 698m) loan from the Japanese International Cooperation Agency (Jica) for the development of Phase 2 of its metro network.

July 13, 2020 | Main line

Passenger numbers drop, but freight traffic up as China recovers from Covid-19

CHINA National Railways (CR) recorded a 53.9% drop in passenger numbers in the first half of 2020, due to the effects of the Covid-19 pandemic. However, volumes of freight transported by the national operator increased slightly.

July 11, 2020 | High-speed

India-Japan logjam over Mumbai-Ahmedabad high-speed

A continuing stalemate between the Indian and Japanese governments over the revised cost of the Mumbai - Ahmedabad high-speed line is threatening to derail the ambitious project and push the 2023 projected completion date back by at least a few years.

July 10, 2020 | Infrastructure

Taipei Metro awards €424m contract to equip metro line

TAIPEI’s city government has awarded a contract to equip Phase 2 of its Wanda - Zhonghe - Shulin Line metro extension to an Alstom-led consortium with Taiwanese firm CTCI.

July 10, 2020 | Asia

New RTRI president sets out priorities

THE new president of Japan’s Railway Technical Research Institute (RTRI), Dr Ikuo Watanabe, has vowed to follow through with the principles of the institute’s Research 2025 agenda despite the “unprecedented predicament” posed to the industry by Covid-19.

July 9, 2020 | Financial

Coronavirus hurts MTR’s performance in first half

MTR is expecting to report a loss of $HK 400m ($US 51.6m) for the first six months of 2020 due to the significant impact of the Covid-19 pandemic and the general deterioration of the economic environment. The loss compares with a profit of $HK 5.5bn in the same period in 2019.

July 8, 2020 | Infrastructure

Iran begins track laying on Chabahar - Zahedan railway

IRAN’s Islamic Republic Railways (RAI) has begun track laying on the Chabahar - Zahedan railway project following a ceremony held on July 7.

July 8, 2020 | High-speed

China’s Anshun - Liupanshui high-speed line opens

THE 125km, 250km/h Anshun - Liupanshui (Anliu) high-speed railway opened on July 8, reducing travel times between Guiyang and Liupanshui to 1h 9min.

July 8, 2020 | Financial

Sinara acquires controlling stake in Vagonmash

SINARA Transport Machines (STM), Russia, has completed a deal to acquire a 49% share of metro rolling stock manufacturer Vagonmash (VM), giving STM a controlling stake in the business.

July 7, 2020 | Financial

World Bank approves €345m loan for Turkish freight corridors

THE World Bank has approved a €345m loan for Turkey’s Rail Logistics Improvement project, which aims to improve intermodal connectivity, and reduce emissions and costs along selected rail freight corridors in the country.

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