China’s Ministry of Railways will invest US$120.6 billion in railway fixed assets in 2010, according to Liu Zhijun, minister of railways, Dow Jones reported.

The ministry will invest just over US$102 million in railway construction this year, Liu said.

In terms of length, the country’s railways will total more than 90,000 kilometers by end of 2010, according to the paper.

China invested $87.8 million in railway construction in 2009, up 79 percent from a year earlier.

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• VSZD cargo volume exceeding 48.6 million tonnes within 9 months, 2009

    East-Siberian Railways (VSZD, branch of RZD OJSC) handled over 48.6 million tons of cargoes within 9 months, 2009. As per the main railways press-service information, main part of the cargo volumes operated by East-Siberian Railways fell onto oil and timber cargoes as well as industrial materials and cement. Thus, over 246 thousand

• FTS change rates for the export of oil supply for multiple routes

    The authorities of the Federal Tariff Service (FTS) of Russia at December 24 meeting 2009 decided to maintain unchanged the exceptional rates for transporting export oil in all directions, save updated tariffs for a small number of routes, the FTS press service reports. The new tariff is to be charged

• Mozambique: More Cargo Handled by Ports, less of railroads

    Mozambique’s public owned Ports and Railways Company (CFM) recorded a drop in the volume of cargo carried by the country’s railways, but figures for the cargo handled by the ports showed a 4.2 increase in January-October 2009, compared with the same period in 2008.

• Imported cargoes create congestion at Paradip Port

    In the absence of allotment of adequate rakes by Railways, imported cargo at Paradip Port are lying at its premises which has created an alarming situation, could result in ships waiting at Paradip anchorage till the cargo are cleared, leading to congestion at the port. On Saturday, about 25 ships

• Concor Profit Falls 3 percent

    Net profit for Container Corporation of India fell 3 percent from a year earlier to $43.5 million in the third quarter ending Dec. 31, despite a marginal increase in overall revenue. Income from operations for the October-December quarter rose 4.5 percent to $192 million from $183.5 million, the state-owned company

• Russkaya Troyka acquires land in Vladivostok port for the construction of Container Terminal

    Russkaya Troyka JSC has acquired a 3.5-hectare plot of land in the port of Vladivostok for RUR 103 mln. This land is to be used by the company for construction of a container terminal capable of handling 250,000 TEU per year, the press center informs. The project consists of two

• Paradip port to evacuate more empty rake for imported coal

    Paradip Port Trust has sent an SoS to the Railway Board for allotment of more empty rakes to facilitate immediate evacuation of bulk cargoes, particularly imported coal, both thermal and coking, accumulating at the port “Our stacking area is full, holding a stock of about two million tonnes of imported

• Delay likely start Dhamra port in Orissa

    The commissioning of Dhamra port in Orissa is likely to be delayed. The commissioning, scheduled in April, may not be possible before September/October, it is learnt.

• Riga to develop strong infrastructure

     Latvia’s first railway container depot will begin operation in September, the Baltic Times reported. The transport hub project is the result of the combined effort between German transport and logistics company DB Schenker and Russian Railway’s subsidiary TransContainer. Latvia’s state-owned railway Latvijas Dzelzcels did not participate in the project. Representatives of DB

• To develop Riga strong infrastructure

     Latvia’s first railway container depot will begin operation in September, the Baltic Times reported. The transport hub project is the result of the combined effort between German transport and logistics company DB Schenker and Russian Railway’s subsidiary TransContainer. Latvia’s state-owned railway Latvijas Dzelzcels did not participate in the project. Representatives of DB

• Construction of two Tianjin port terminal projects

     On July 28, construction of the Tianjian Port Nanjiang Special Ore Terminal project and the Tianjin Port Shenhua Coal Terminal auxiliary project began simultaneously. Investment in the two projects totaled 2.94 billion yuan and 3.78 billion yuan respectively. Upon completion of the projects, Tianjin Port will have a newly-added annual handling capacity

• RZD Estonian oil by year-end move, Yakunin Says

    Russian Railways head Vladimir Yakunin hopes to move oil-product shipments from neighboring Estonia to Russian ports by the end of 2010, Estonian daily Eesti Paevaleht reported Wednesday. Diplomatic spats between the two countries play a significant role in deliveries to Baltic ports, he said. Estonia and Russia in 2007 fell

• Vehicles stucks, delays throughput at Vladivostok port

    A train with empty cars occupying access to Vladivostok port delays transshipment at the port, Vladivostok Sea Commercial press-service reports. Uncoordinated work of the rolling stock owner, the operating companies with the Russian Railway have frozen the traffic on Vladivostok rail line, caused delays at the port, Michael Chizhmakov, the

• JSW Steel August output up 53% stock rises 2%

    JSW Steel announced that its August crude steel output has risen 53 percent to 0.5 million tonne. Production of long products, used in construction and railway lines, more than doubled to 74,000 tonnes while flat products, used in automobiles, rose 8 percent to 0.3 million tonnes, it said in a statement to

• A complex examination of Kozmino Port objects in Primorskiy Kray completed

    Complex testing of coastal and marine objects of specialized oil seaport Kozmino was completed in Primorskiy kray. Complex equipment testing took place upon filling all the objects with process oil, press-service of Specialized oil-loading seaport Kozmino LLC reported.