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Article: Chile boosts rail investment.(World Report)
- Article from:
- International Railway Journal
- Article date:
- September 1, 2003
CopyrightCOPYRIGHT 2003 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHILEAN State Railways (EFE) has launched a $US 693.6 million investment programme to upgrade track and stations and acquire more trains between now and 2005 to enable it to expand its passenger and freight services. This is a six-fold increase compared with the last three-year plan.
EFE will obtain $US 480 million from funds guaranteed by the state, and it will raise the remaining $US 213 million by selling non-core assets such as its Invia subsidiary and workshops in Valparaiso.
EFE will use $US 326 million to upgrade its Merval commuter rail service linking Valparaiso with Limache into what it describes as Chile's first regional metro. When the work ...
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