Theme of the day

Turkey accelerates BTK railway construction

The work is being rapidly conducted to complete the construction of the Baku-Tbilisi-Kars (BTK) railway in the Turkish province of Kars, the municipality of the Kars province told Trend Feb. 9, Trend reports. The BTK construction work will be conducted more rapidly after weather conditions improve, the municipality said. A 79 kilometer-BTK railway section stretches through Turkey, 58 kilometers of them account for the province of Kars."The Baku-Tbilisi-Kars railway will be constructed in 2016," the municipality said. Baku-Tbilisi-Kars railway is being constructed on the basis of a Georgian-Azerbaijani-Turkish intergovernmental agreement. Azerbaijan allocated a loan of $775 million for the construction of the railway’s Georgian section. A new 105-kilometer branch of the railroad...2016-02-10

Press review

The Guardian view on rail fare rises: the end of the line

The cost of rail season tickets and other regulated train fares has soared by 25% since 2010, according to the latest rail union-backed lobby group analysis today. In the same period average pay has increased by merely 9%. So...2015-08-19

Brookfield's Asciano takeover sets up a fight for Australian Rail Track Corp

Brookfield Infrastructure's $8.9 billion proposed takeover of Asciano could spark a bidding war for Australian Rail Track Corporation if the merged company fights rival Aurizon for all or part of the government-owned...2015-08-19

Low oil prices unlikely to hurt railways

THE stunning collapse in oil prices won't derail US railways' profit engine even if it does slow the tremendous growth in crude shipments seen in recent years. CARLOADS of crude oil spiked well over 4,000 per cent between 2008 and 2014 - from...2015-08-18

African trade partners feel the bite of China’s yuan devaluation

For African countries that have bet heavily on China as their economic saviour, the sudden devaluation of the Chinese currency is a painful reminder of the risks of over-dependence on the Asian giant. The devaluation of the yuan, coupled with a...2015-08-17

The world's largest infrastructure project is being built in India – stretching from Delhi to Mumbai

Two power plants, 24 smart cities, 23 industrial hubs, six airports, two ports and a six-lane expressway stretching 1,500 kilometres. When it's completed, it will be the world's largest infrastructural project. Starting outside Delhi and ending in...2015-08-17

Forget nationalisation: UK railways need a radical dose of devolution

It's been a torrid time for Britain’s railways lately. In the last six months – as many a hard-pressed City A.M. commuter will know – there have been bad tempered strikes on the Tube and commuter railways. Channel Tunnel trains...2015-08-14

Comments and interviews

Food, glorious food.

CMA CGM pulled out all the stops to celebrate the opening of the new channel of the Suez Canal. Two of the biggest ships in the French line’s fleet, Laperouse and Titan were dispatched to the canal, which was originally constructed by the Frenchman, Ferdinand de Lesseps in 1869. In what is now becoming a standard photo-call, the deck of the 13,820-teu Laperouse was stacked high with brand new CMA-CGM containers all painted in the...2015-08-17

The Rockies may crumble, Gibraltar may tumble...

The Rockies may crumble, Gibraltar may tumble. They’re only made of clay. But Algeciras is here to stay. (With apologies to George and Ira Gershwin). After centuries of nestling in the shadow of the Rock of Gibraltar, the Port of Algeciras is fast emerging as a bright light in the development of intermodal logistics in Europe. In February of last year, the port authorities announced investments of Euro 19 million to accommodate the latest...2015-04-01