Sunday, June 1, 2008

Jamaica to revive railroad industry (with China's help)

Rising fuel prices have prompted the island nation of Jamaica to restart its railroad industry.

The new Jamaica railway project will link the island's main cities of Kingston, Spanish Town and Montego Bay. The project is expected to cost about $350 million, with China agreeing to fund about 85% of the cost. It is expected to take at least three years to complete.

Jamaica's railroading history dates back to 1845, it was the first place outside of Europe and North America to open railway lines. Service was stopped in 1992 after decades of operating at a loss.
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