Fomento quiere 'resucitar' Feve con 65,000 millones de inversion y enjuga la deuda
Article Abstract:
The board of directors of Spanish 'narrow' railway operator Feve (Ferrocarriles Espanoles de Via Estrecha) has just approved a five year plan aimed at increasing passenger traffic by 40% and goods traffic by 90%, which is expected to increase revenues by 76% to Pta 4,499mn by the year 2002. The ministry of development is behind the plan to invest Pta 65,000mn to upgrade the obsolete lines through a plan to improve the safety and quality of the old network. Some Pta 65,000mn would be required to modernise the current signalling system, double the short-distance tracks, renovate certain areas of track, build new ones, and upgrade tunnels, bridges and stations. The plan also provides for the purchase of six locomotives, 13 electric units, repair of 25 electric diesel units, air conditioning installation and other improvements in rolling stock. The project would be financed through depreciation of a debt totalling Pta 17,000mn the State has with the company.
Comment:
Approves 5 year plan to increase passenger traffic by 40% & goods traffic by 90%
Publication Name: Gaceta De Los Negocios
Subject: Business, international
ISSN: 1134-3931
Year: 1998
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El GIF licitara este ano 173,000 millones del AVE a Francia
Article Abstract:
Tenders worth over Pta 173,000mn for the AVE high speed railway infrastructure between Madrid, Spain, and the French border will have been announced by year end 1998. In May, calls for bids worth Pta 83,000mn were announced and between September and October, tenders worth Pta 90,000mn are to be made public. Also to be announced in September is the tender for the Guadarrama tunnel project.
Comment:
Spain: Tenders worth over Ptas173,000 mil for the AVE high speed railway infrastructure between Madrid, Spain, & French border
Publication Name: Gaceta De Los Negocios
Subject: Business, international
ISSN: 1134-3931
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
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