Pittsburgh, PA, January 12, 2015.
U.S. railway investment and management company Railroad Development Corporation (www.rrdc.com) has deepened its relationship with its partner Eurorail (www.eurorail.eu ) by investing in a 25% participation in the company as of December 2014.
Eurorail, a leading rail-based logistics company headquartered in Belgium, was joined by RDC in 2012 in a 50/50 investment in rail freight feeder operator RégioRail (www.regiorail.net); currently RégioRail controls 4 feeder operations in France. The strengthening of the partnership confirms the commitment of both partners to the joint pursuit of opportunities in the European rail freight sector.
Eurorail Managing Director Eric Debrauwere commented, "Through RégioRail we have developed a high quality partnership with RDC. Their entry into the capital of Eurorail is based on shared vision and mutual confidence."
RDC Chairman Henry Posner III added, "Europe is a challenging and fragmented market but with numerous niches representing opportunity for rail freight. This investment represents an additional commitment to the European market based on our confidence in our partners."
RDC's portfolio currently includes rail freight operations in Iowa, Peru and Colombia, in addition to RégioRail. Other European interests include intercity passenger operator Hamburg-Köln-Express and UK passenger rolling stock producer Vivarail.