Ferrocarril Huancayo - Huancavelica
| Industry | Rail transport |
|---|---|
| Founded | 1987 |
| Founder | Henry Posner III |
| Headquarters | Pittsburgh, Pennsylvania, United States |
| Website | www.rrdc.com |
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.
RDC participated in the ownership of two rail lines in Argentina:
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.
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