Algeria Invests $1.5 Billion to Revamp Railway Network
Posted on December 24, 2008 at 01:00 AM EST
BANGALORE, INDIA--December 24, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Algerian railways will soon get a makeover, with the government planning investments of $1.5 billion toward modernization and expansion of the rail network. The railway planning agency, L'Agence Nationale d'Etudes et de Suivi de la Realisation des Investissements Ferroviaires, announced that it will develop a 1,200-kilometer railway line that will connect the east and west of the country along the coast with the inlands. Companies featured: Siemens AG (NYSE:SI), Ansaldo STS SpA (BIT:STS), Alstom SA (EPA:ALO), General Electric Company (NYSE:GE), Balfour-Beatty plc (LSE:BBY)