Station naming deals announced
Runaway Rail Car Kicked Loose by Teen Hits New York Station
Škoda unveils its second tram for the Chinese market
Wabtec to buy Faiveley Transport for US$1·8bn
Constantine tram extension contract
Channel Tunnel: '2,000 migrants' tried to enter
Ottawa urban rail gets federal funding
UK and Italian operators order Vossloh locomotives
First Great Western and Eversholt sign Hitachi AT300 train contract
Tanzania, Rwanda and Burundi invite interest in DIKKM railway
During the course of a public hearing held on August 3, national infrastructure agency ANI declared the concession held by Ferrocarril del Pacífico SAS to have lapsed. The concession covers the upgrading, maintenance and operation of freight services on the Buenaventura — Cali, Cali — La Felisa and Zarzal — La Tebaida routes.
According to ANI, FDP has failed to comply with the terms of the concession, with ‘serious’ infractions including the disposal of property without prior consent. The concessionaire has also allegedly failed to provide detailed monthly reports on progress with the upgrade programme.
Under the terms of the ruling, the concessionaire would be liable to pay US$32∙8m in damages to the state for its failure to meet contract terms. ANI also notes that FDP has separately been fined US$275m for suspending freight services in 2016, a government inspection having revealed a failure to maintain track and structures to the required standards.
A further hearing is due to be held at ANI headquarters in Bogotá on August 18 to consider the response from the concessionaire and its guarantors. Should the concession be wound up, assets and infrastructure would revert to the state. ANI would then work with local authorities and other parties to seek funding to tender a new concession, one that would ‘meet the current needs’ of freight customers while ensuring the ‘sustainability’ of the concession model.
This article first appeared on www.railwaygazette.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2018 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.