IFE prepares for Tinaco-Anaco railroad construction

- Thursday, October 15, 2009

IFE prepares for Tinaco-Anaco railroad construction

Venezuela's state controlled rail company Instituto de Ferrocarriles del Estado (IFE) has begun to install workers' camps in preparation for the construction of the Tinaco-Anaco rail line, government news agency ABN reported.

The line is expected to be ready in 40 months, IFE president Franklin Pérez Colina said, adding that the entity will supervise works very closely to ensure they are completed on time.

In July, Venezuela and China signed a US$7.5bn contract to start construction on the railway stretch, which will be carried out by Chinese firm Railway Engineer Corporation (Crec).

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The 472km railway will connect the northern states of Cojedes, Guárico, Aragua and Anzoátegui, travelling at a maximum speed of 220km/h.

The system is expected to transport 6mn passengers and 10Mt of cargo each year.

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