Cuba Standard: After seven years, the $340 million rehabilitation of Venezuela's Central-West railroad still is incomplete, an official of Venezuela's Instituto de Ferrocarriles del Estado (IFE) said March 31 as part of a larger announcement, according to Agencia Venezolana de Noticias.
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The rehabilitation of the Central-West railroad, dubbed "the slowest railroad of the world" by Veneconomía, has a history of delays. The Venezuelan government created the Ferrolasa joint venture in 2006, after canceling a 2004 contract with China's Yankuang Group Corp. As of late 2005, Yankuang had completed only 10% of the project. Completion had originally been expected for September 2006.
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http://www.vheadline.com/readnews.asp?id=101595
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