The Angolan Government is currently developing an initiative that aims to boost the granting of credit to national Micro, Small and Medium Enterprises, with the prospect of 30 percent benefiting projects carried out by women. The data was presented, Friday, in the city of Lobito, province of Benguela, by the Secretary of State for Public Investment. Iva Marques dos Santos went to the city of Lobito, in the province of
Category: Railway News
The Lobito Corridor Sparks Agricultural and Industrial Development
The dynamism of the Lobito Corridor is fueling increased production of agricultural goods by the business class and family producers across six provinces in Angola. Lucas Ábias, acting president of the Chamber of Business Development in Benguela province, made this acknowledgment during the opening of the International Forum for Investment in the Central and Southern region of Angola. Ábias highlighted the positive impact of the corridor’s development on entrepreneurship, particularly
Indian Railways earns ₹4626 crore more in Apr-Dec 2023 than previous year
Indian Railways announced a freight loading of 1154 MT on a cumulative basis from April to December 2023 against last year’s loading of 1109.38 MT, an improvement of 45.28 MT. Railways have earned ₹125106 crore against ₹120479 crore over last year which is an improvement of ₹4626 crore as compared to the same period last year. During the month of December 2023, originating freight loading of 138.99 MT has been
AVG Logistics to operate Chennai-Guwahati parcel express train
AVG Logistics has secured a six-year contract, valued at ₹105 crore, for the lease of a parcel cargo express train (PCET) from the Indian Railways. “This special train connects Korukkupet goods shed (Chennai) to New Guwahati goods shed (Guwahati), will complete four trips every month over the next six years, totalling 313 trips during the contract tenure. The carrying capacity during the trip is expected to be 364 tonnes for
Kenya and Netherlands Forge Partnership for Cool-Logistics Corridor
Kenya has inked a Memorandum of Understanding (MoU) with the Kingdom of the Netherlands to establish a cool-logistics corridor, aiming to bolster perishable exports and stimulate economic growth. Transport Minister Kipchumba Murkomen highlighted the significance of the MoU, emphasizing its role in facilitating private investment in cool-logistics infrastructure tailored for transporting fresh produce by sea. The collaboration promises to be a boon for Kenya’s horticultural exporters, potentially doubling or tripling
Lobito Corridor Master Plan brings together Government and partners on Thursday
Members of the Government, businesspeople, international partners and experts will work together on the basis for preparing the Master Plan for the Lobito Corridor, also known as the Benguela Railway, during a “workshop” to be held on Thursday. fair. According to information that JA Online had access to today, the mapping of infrastructure gaps, the design and importance of public-private partnerships along the Lobito Corridor are some topics that will
Strategies to boost the Lobito Corridor presented in Washington
The Lobito Corridor is part of the projects presented by the Angolan delegation at the World Bank and International Monetary Fund meetings with a view to attracting direct investment. The managing director of the Atlantic Railwai Consortium, Otoniel Manuel, said that the idea involves presenting everything that has been accomplished within the project, as well as the Executive’s strategies for its promotion. Otoniel Manuel explained that, although the railway connection
CSX unveils its first hydrogen-powered locomotive
CSX (NASDAQ: CSX) has unveiled its first hydrogen-powered locomotive, marking a significant milestone in sustainable freight transportation. This pioneering achievement is the result of a successful partnership between CSX and Canadian Pacific Kansas City (CPKC) and demonstrates the company’s commitment to innovation and environmental stewardship. The hydrogen locomotive was converted from an existing diesel locomotive using a hydrogen conversion kit developed by CPKC. The transformation took place at the CSX
Rio Tinto, WCS, and CTG Mark Milestone with First Beam Installation on Trans-Guinean Railway
The first beam of the Trans-Guinean railway connecting the Simandou mine to the Atlantic coast has been installed in Guinea-Conakry. The inauguration ceremony took place in the presence of General Mamadi Doumbouya, President of the Republic of Guinea-Conakry. Jointly established in 2023 by the Guinean government, the Winning Consortium Simandou Railway (WCSR), Rio Tinto-Simfer and the Trans-guinean company (CTG) will collectively manage the railway and port infrastructure built under the Simandou project.
$2.4 billion set aside for modernising transport in the US
President Joe Biden’s administration has revealed that it will pay $2.4 billion in grants aimed at modernising freight and passenger rail infrastructure across the United States. The move is part of Biden’s broader initiative to enhance America’s transportation network and bolster economic growth through improved rail systems. According to the US Department of Transport, the grants will be allocated to upgrading and expanding rail infrastructure to enhance efficiency, safety, and