CCRC Zhuzhou Locomotive, a subsidiary of Chinese state-owned rolling stock manufacturer CCRC, signed agreements with Hungarian equity fund Acemil to build four facilities in the […]
Category: New Silk Road
China to build four rolling stock production sites in Hungary
CCRC Zhuzhou Locomotive, a subsidiary of Chinese state-owned rolling stock manufacturer CCRC, signed agreements with Hungarian equity fund Acemil to build four facilities in the Magyar country. The facilities will focus on rail vehicles production and maintenance as well as professional training and research and development. This new initiative may be part of a larger…
NGOs express concerns over new Italy-China rail freight service
A new rail freight service for the import of agricultural product was recently established from Urumqi, the capital of the Xinjiang Uyghur Autonomous Region in northwestern China to the Italian city of Salerno, near Naples. However, various non-governmental organizations (NGOs) are saying that some of the cargo coming from the Chinese region may be the…
NGOs express concerns over new Italy-China rail freight service
A new rail freight service for the import of agricultural product was recently established from Urumqi, the capital of the Xinjiang Uyghur Autonomous Region in northwestern China to the Italian city of Salerno, near Naples. However, various non-governmental organizations (NGOs) are saying that some of the cargo coming from the Chinese region may be the…
Construction on CKU line to start in October 2024
Construction on the China-Kyrgyzstan-Uzbekistan (CKU) rail line will start in October 2024, according to Kyrgyz president Sadyr Zhaparov. Negotiations on the line have been long ongoing, and many uncertainties around financing remain. The CKU line is supposed to shorten travel times between China and Europe by 8 days and reduce the distance by 900 kilometres.…
Baku-Tbilisi-Kars railway to open for traffic in two weeks
Freight trains will start running along the newly renovated Baku-Tbilisi-Kars (BTK) railway on 20 May 2024. The plan is to turn the line into the main artery of the Middle Corridor and further boost Eurasian rail freight transport, according to Roshvan Rustamov, Chairman of Azerbaijan Railways (ADY). Rustamov mentioned that the works on the Georgian…
The Middle Corridor remains too expensive as an alternative China-Europe route
The Middle Corridor, a multimodal China-Europe freight route through Central Asia, has garnered international interest as a potential alternative to transporting freight through Russia. Illustratively, the EU has allocated 10 billion euros for its development. The corridor remains too expensive to become a route of preference, explains Roland Verbraak, general manager of BTTMultimodalGroup. BTT, a…