Africa eyes transport to spur jobs bonanza

Africa’s transport sector is expected to strongly benefit from a free-trade deal being bedded down across the continent, with projections of 160 million new jobs if countries exploit the agreement’s full potential. In order to realize these goals, the African Continental Free Trade Area, or AfCFTA, must be accompanied by the implementation of regional infrastructure…

Details

Colombians make tracks on rail revival

With Chinese expertise tapped, more ventures seen likely in economic boost China looms large in a plan by Colombia to revive its railway networks after decades of neglect. Such a revival could significantly boost the economy, offering an affordable transport alternative to the 215,000 kilometers of roads now crossing the South American country, experts said.…

Details

High-speed railway welcomes private investment

New 266.9-km intercity line greatly shortens travel time between Zhejiang cities, further enhancing regional economy China’s first privately controlled high-speed railway in Zhejiang province will provide a promising example for private capital to invest in the nation’s railway sector, experts said. As the first high-speed railway largely funded by domestic private capital, the 266.9-kilometer Hangzhou-Shaoxing-Taizhou…

Details

CCECC: Improving well-being with key infrastructures in Pakistan

China Civil Engineering Construction Corporation (CCECC), formerly the Foreign Aid Bureau of the Ministry of Railways of China, was established in 1979 and merged into China Railway Construction Corporation (CRCC) in 2003. Guided by “Diligence, Integrity, and Perseverance” at the very core of its corporate culture, CCECC over the years has developed into a large-scale…

Details

Thailand looks to China-Laos railway

Thailand will further boost international trade and inject greater stimulus into its domestic economy by speeding up its connection to the China-Laos railway, experts said. “The China-Laos railway project has opened a new logistics mode in the region,” said Joe Horn-Phathanothai, founder and CEO of Thai investment consultancy Strategy613 focusing on China and Thailand. One…

Details

High-speed railway projects can be opened to private investment

The Hangzhou-Taizhou High-Speed Railway, China’s first privately-owned high-speed railway in Zhejiang province, became operational recently. It has a total investment of 44.03 billion yuan ($6.93billion), 51 percent of the railway’s shares being held by a consortium of eight private enterprises and the rest by China Railway Development Fund Corporation, Zhejiang Transportation Investment Group, and Shaoxing…

Details

Chinese contractors to build Philippines’ fastest, longest railway: ambassador

MANILA – The Philippine government has signed a commercial contract worth $2.8 billion with Chinese contractors to build the “fastest and longest railway” in the country that connects southern Luzon provinces, China’s Ambassador to the Philippines Huang Xilian said in a statement on Tuesday. Philippine Transportation Secretary Arthur Tugade signed on Monday the first package…

Details