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.
Contents
Americas
Argentina
RDC participates in the ownership of two rail lines in Argentina:[1]
- ALL Central, a 5 ft 6 in (1,676 mm) broad gauge line also in partnership with América Latina Logística and the Argentine government. It formerly operated as Buenos Aires al Pacífico - San Martin, Ferrocarril General San Martín, and Buenos Aires and Pacific Railway.
- ALL Mesopotámica, a 4 ft 8 1⁄2 in (1,435 mm) standard gauge line in partnership with América Latina Logística and the Argentine government. It formerly operated as Ferrocarril Mesopotámico - General Urquiza and Ferrocarril General Urquiza.
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Guatemala
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Manages the previously closed 914 mm (3 ft) gauge Ferrovias Guatemala under a 50-year concession from 1997.[2] Services to be suspended October 2007, RDC seeking arbitration in contractual dispute.[3]
Peru
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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.[4][5]
USA
Operates Iowa Interstate Railroad.[1]
Europe
Estonia
Eesti Raudtee - bought August 31, 2001, sold January 9, 2007.[6] - 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)[7]
France
In 2009 RFF, Caisse des Dépôts et Consignations and Railroad Development Corp formed a joint venture to promote local freight.[8]
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.[9]
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.[10]
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]
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References
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- ↑ Great South American Rail Adventure Trains & Travel
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- ↑ Baltic Rail Services Completes the Purchase of a Controlling Interest in Eesti Raudtee, Estonian State Railways Railroad Development Corporation
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External links
- Railroad Development Corporation website.
- A luta continua!, Bradley J Knapp and Henry Posner III, Railway Gazette International June 2004.
