Railroad Development CorporationRailroad Development Corporation
The Railroad Development Corporation is an American railroad holding company based in Pittsburgh, Pennsylvania. It operates several short line railroads outside the United States and acts as an investor, with management and institutional investors as partners. It was founded in 1987 by former Conrail employee Henry Posner III.
Railroad Development Corporation Americas
RDC participated in the ownership of two rail lines in Argentina:
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. In October 2013, both lines were nationalized and were taken over by Trenes Argentinos Cargas y Logistica.
In August 2012 Ferrocarril del Pacífico that RDC has a shareholding in, resumed operations on the Buenaventura to Yumbo section of the Pacific line.
RDC managed the previously closed 914 mm (3 ft) gauge Ferrovias Guatemala (FVG) under a 50-year concession from 1997. In August 2006, the government of Guatemala invalidated a 2003 contract for the usufruct of rolling stock and other equipment. Due to the continuing uncertainty leading to losses, FVG suspended all operations on October 1, 2007 while continuing with legal actions against the Guatemalan government. The legal action was settled in RDC's favor in December 2013.
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) included RDC, Juan Olaechea & Company, Minas Buenaventura, Cementos Andino, Mitsui and the Commonwealth Development Corporation. 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.
RDC United States
RDC operates the Iowa Interstate Railroad. RDC first invested in the railroad in 1991, exercising an option to purchase in January 2004.
In November 2008, RDC entered a joint venture with LeGrand America to operate a business class road coach service from Pittsburgh and Harrisburg. It ceased in July 2009.
Railroad Development Corporation Europe
RDC purchased a 5% shareholding in Eesti Raudtee on August 31, 2001, selling it on January 9, 2007.
In January 2015, RDC purchased a 25% shareholding in Eurorail.
In 2009 Réseau Ferré de France, Caisse des dépôts et consignations and RDC formed a joint venture to promote local freight.
Hamburg-Köln-Express (HKX) was founded as a joint venture in November 2009 between RDC (75%), Locomore (17.5%) and railway investor Michael Schabas (7.5%). Services were initially planned to start in August 2010 but this was postponed after the paths it had identified for its services were claimed by Keolis for a proposed Mulhouse to Hamburg open-access service. Keolis later abandoned its plans and HKX was able to reapply for the paths. Operations commenced on July 23, 2012.
On October 18, 2016 RDC commenced operating Autozug Sylt car shuttle services from Niebüll to Westerland after securing a 10-year access agreement. Services are hauled by a Transdev Class 251.
In 2016, RDC purchased a 50% share in the rail tourism company Bahn Touristik Express which has operated the Hamburg-Köln-Express since December 2015. BTE in December 2016 started operating the BTE AutoReiseZug motorail service between Hamburg and Lörrach.
RDC United Kingdom
RDC is a shareholder in Vivarail that is converting London Underground D78 Stock electric multiple units into Class 230 diesel multiple units.
Railroad Development Corporation Africa
Through the Central East African Railways consortium, RDC operated the Malawi Railways network which connects with the Caminhos de Ferro de Moçambique line in Mozambique from December 1999. The operation was sold in 2008