Railroad Development Corporation

Railroad Development Corporation is an American railroad holding company based in Pittsburgh, Pennsylvania. RDC operates several short line railroads outside the United States and acts as an investor, with management and institutional investors as partners.

Henry Posner III is a founding principal of the company.

Americas

Argentina

RDC participates in the ownership of two rail lines in Argentina:[1]

Guatemala

Managed the previously closed 914 mm (3 ft) gauge Ferrovias Guatemala (FVG) under a 50-year concession from 1997.[2] In August 2006, the government of Guatemala invalidated a 2003 contract for the usufruct of rolling stock and other equipment.[3] Due to the continuing uncertainty leading to losses, FVG decided to suspend all operations as of October 1, 2007[4] while continuing with legal actions against the Guatemalan government.[5]

Peru

In July 1999 the Peruvian government awarded a consortium led by RDC a 30-year concession to operate the former Ferrocarril del Centro. Investors in Ferrocarril Central Andino (FCCA) include RDC, Juan Olaechea & Company, Minas Buenaventura, ADR Inversiones, and Inversiones Andino.[1] It was agreed in June 2006 by the Peruvian government that FCCA should go ahead with converting the Ferrocarril Huancayo - Huancavelica from 3 ft (914 mm) to 4 ft 8 1⁄2 in (1,435 mm) (standard gauge). Estimated to take 16 months, the US$33m project was to be funded jointly by the government and the Development Bank of Latin America.[6][7]

USA

Operates Iowa Interstate Railroad.[1]

Europe

Estonia

Eesti Raudtee - bought August 31, 2001, sold January 9, 2007.[8] - holding company "Baltic Rail Services" - shares owned included 25.5% "Rail world Inc." (USA), 25.5% Jarvis PLC (UK), RDC (5%), and "OÜ Ganiger Invest" 44% (Estonia)[9]

France

In 2009 RFF, Caisse des Dépôts et Consignations and Railroad Development Corp formed a joint venture to promote local freight.[10]

Germany

Hamburg-Köln-Express has been formed by Railroad Development Corp, Locomore Rail and investor Michael Schabas to run open access passenger trains between Cologne and Hamburg from 15 August 2010.[11]

Starting 13 December 2015 RDC is going to take over half of the operations of the DB Autozug SyltShuttle, running services from Niebüll to Westerland.[12]

Africa

Malawi

Through the Central East African Railways consortium, RDC operated the Malawi Railways network which connects with the CFM line in Mozambique. The operation was sold in 2008.[1]

References

  1. 1 2 3 4 "RDC operating entities". Railroad Development Corporation.
  2. ↑ "RDC to revive Guatemala railways". Railway Gazette International. 1997-08-01.
  3. ↑ RDC press release, 28.08.2006
  4. ↑ Central America going nowhere. Railway Gazette International August 2007.
  5. ↑ RDC press release, 06.07.2007
  6. ↑ "Huancavelica upgrade". Railway Gazette International. 2006-06-01. Archived from the original on May 31, 2012. Retrieved 2007-09-08.
  7. ↑ Great South American Rail Adventure Trains & Travel
  8. ↑ "EVR's private interlude is over". Railway Gazette International. 2007-02-01.
  9. ↑ Baltic Rail Services Completes the Purchase of a Controlling Interest in Eesti Raudtee, Estonian State Railways Railroad Development Corporation
  10. ↑ "RDC in French freight venture". Railway Gazette International. 2009-04-02.
  11. ↑ "Hamburg-Köln Express to launch". Railway Gazette International. 2009-11-04.
  12. ↑ "Autozug zwischen Niebüll und Westerland: Sylt-Shuttle: Ministerium befürchtet „unhaltbare Verhältnisse" | shz.de". shz (in German). Retrieved 2015-12-06.

External links

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