Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
AFE requires US$400mn for network upgrades - VP (Uruguay)
Uruguay's state-owned railway firm AFE will need an estimated US$400mn to complete an upgrade plan across its network, company VP Juan Silveira told BNamericas.


AFE aims to repair and upgrade the system's 1,650km of operative railways during President José Mujica's term, which ends in 2014.


One of the projects included in the plan is the repair of a network connecting capital Montevideo's port to fluvial ports Fray Bentos, Paysandú and Salto.


The company is also looking to refurbish rolling stock and purchase new wagons and locomotives.


The investment plan is likely to be covered by loans obtained by AFE and the central government, and through private investment, according to Silveira.


The planned improvements are designed to increase the average speed of cargo trains to 40km/h, AFE's general manager, José Nunes, told BNamericas recently. Poor conditions on the rail network currently force freight trains to travel at very low speeds.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...