Nigeria has announced a partnership with General Electric (GE) under which GE will assemble 200 rail locomotives over a 10-year period
Rail
Infrastructure Bank to fund Nigerian rail project
Nigerian financial agency Infrastructure Bank has plans to invest US$2bn in a Lagos Red Line mass transit system which will transport at least two million passengers daily from Alagbado to Marina
India to sanction loan for Africa rail project
India will lend US$300mn to fund a railway line connecting Ethiopia and Djibouti as part of its programme to invest in Africa
MENA rail contracts reach US$434 million in Q1 2013
Rail contracts worth US$434mn have been awarded throughout the Middle East and North Africa (MENA) region in Q1 2013, a report from business intelligence agency MEED has revealed