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Rail to form backbone of South African transport by 2050

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11-Oct-18 South Africa's proposed National Rail Policy will focus on increasing investment in rail, ZAR170 bn (USD11.9 bn) over the next ten years, to position rail as South Africa’s transport backbone by 2050 and support the commitment to greenhouse-gas reduction. [image: Railway Pro]

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Indonesia’s premier-city link on track for 2021 launch

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03-Oct-18 Construction of the Chinese Belt and Road Initiative-backed Jakarta-Bandung rail line is back on track, with contractors confident it will enter operation in 2021.  Its most significant benefit is to cut transit time from five hours to 36 minutes. [image: HKTDC]

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Aviation industry eyes more MRO revenue in Thailand

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11-Sep-18 Thailand’s aviation industry is pushing a roadmap to raise maintenance-based income, launching a plan to push for Don Mueang International Airport as a hub for maintenance, repair and overhaul (MRO) for engines and U-tapao Airport for services. [image: Global Business Press]

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Warehouse operator GLP launches USD2 bn China logistics fund

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11-Sep-18 GLP, Asia’s largest warehouse operator, has launched a USD2 bn China fund in partnership with Singapore sovereign wealth fund GIC, as it continues to tap into the growing demand for warehousing fuelled by a boom in e-commerce. [image: South China Morning Post]

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Dubai wealth fund ICD launches new logistics firm

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05-Sep-18 ISS Global Forwarding has been set up by Investment Corporation of Dubai, and will invest in the Middle East, Africa, Europe and India, later expanding to Asia and China. The company will focus on freight forwarding and contract logistics. [image: Arabian Business]

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