Wednesday, April 08, 2009

RDC in joint venture to operate French short lines

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French Secretary of State for Transport Dominique Bussereau Wednesday announced the creation of a transportation company with the objective of promoting the creation of short line freight operations (“opérateurs de fret de proximité,” or OFPs).

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Pittsburgh-based Railroad Development Corp. will work with French national rail infrastructure manager and owner Réseau Ferré de France and development bank la Caisse des Dépôts et Consignations, as well as local investors.

The short line operating joint venture will promote initiatives and innovations to generate increased railcar traffic. Bussereau, in a statement, said several tools have been put in place to support the creation of the effort, including legislative and regulatory measures.

RDC is a joint-venture partner with operators in South andCentral America, and also operates U.S. short line Iowa Interstate Railroad.