TRANSNET Freight Rail (TFR) reported revenues of Rand 50.2bn ($US 4.99bn) for the year ending March 2013, a 9.4% increase year-on-year as the company breached the Rand 50bn mark for the first time.
KOREA's Ministry of Land, Infrastructure and Transport has dropped plans announced earlier this month to allow a private company to operate high-speed services from the new Suseo station is southeastern Seoul which is due to open in 2015.
India waved goodbye to its fifth railway minister in four years last month following allegations of corruption that shook the nation. Raghav Thakur considers the prospects for Indian Railway following the cash for jobs scandal.
FRENCH Rail Network (RFF) has started construction of a new train control centre in Pagny-sur-Moselle covering the rail network in Lorraine.
THE United States Trade and Development Agency (USTDA) has issued a tender for a project to evaluate rail project opportunities in Mexico with the aim of supporting the development of Mexico's railfreight network, leaving the Ministry of Transport and Communications (SCT) to concentrate on passenger rail projects.
RIO Tinto has suspended coal export operations on the Sena railway line in Mozambique following security threats to its operations, while the line's primary user Vale, which is continuing to operate trains, says it is monitoring the situation.
BRITAIN's Department of Transport has finalised the £1.6bn contract with a consortium of Siemens and Cross London Trains for 1140 emu cars for the cross-London Thameslink network. The complex deal has taken two years to conclude.
THE Thiess John Holland Dragados joint venture has been awarded a $A 1.15bn ($US 1.1bn) contract to build the tunnels and underground stations for Sydney's North West Rail Link (NWRL). This is the first of three major NWRL contracts to be awarded.
THE budget for the construction of the new HS2 high-speed line linking London, Birmingham, Manchester and Leeds has been increased by the British government from £33bn to £42.6bn. This increases the so-called contingency fund for the project to £14.4bn.
GUATEMALA's National Alliance Agency for the Development of Economic Infrastructure (Anadie) intends to issue a tender worth $US 120m in 2014 for technical, legal and financial studies required to establish a concession to operate Line 1 of Guatemala City's commuter rail service.
