Australia/NZ

image
Asciano board backs Brookfield takeover bid THE board of Australian logistics group Asciano has recommended that shareholders accept a bid from Brookfield Infrastructure Partners for 100% of the company, which includes Pacific National, Australia's second largest railfreight operator.
new-zealand-government-confirms-kiwirail-subsidy
THE government of New Zealand has offered a financial lifeline to embattled state-owned railway KiwiRail by committing to a $NZ 200m ($US 130.7m) annual subsidy for the railway.Finance minister Mr Bill English says the subsidy...
artc-selects-testra-for-high-speed-telecommunications
THE Australian Rail Track Corporation (ARTC) has selected Telstra in a 10-year contract to provide continuing telecommunications services through its NextG network to support ARTC's National Train Communications System (NTCS) for the 8500km Australian freight...
aurizon-profits-soar-despite-static-traffic
AUSTRALIA's largest railfreight operator, Aurizon has reported a 139% increase in statutory net profit after tax to $A 604m ($US 443.8m) for the 2015 financial year despite traffic remaining relatively flat.Total revenue for fiscal 2015...
asciano-board-backs-brookfield-takeover-bid
THE board of Australian logistics group Asciano has recommended that shareholders accept a bid from Brookfield Infrastructure Partners for 100% of the company, which includes Pacific National, Australia's second largest railfreight operator. The deal will see...
victoria-commits-to-murray-basin-rail-project
THE premier of the Australian state of Victoria Mr Daniel Andrews and minister for public transport Mrs Jacinta Allan announced on August 17 that the state government will back the full implementation of the Murray...
caf-delivers-final-am-class-emu-to-auckland
NEW ZEALAND's prime minister Mr John Key attended a ceremony at Auckland Transport's Wiri depot on August 13 to mark the delivery of the last of 57 AM class EMUs from CAF. The trains were ordered...
nsw-seeks-newcastle-light-rail-advisor
TRANSPORT for New South Wales (TfNSW) has launched a tender seeking a technical advisor for the planned 2.6km light rail line in Newcastle. The five-station line will link a new transport interchange at Wickham with Newcastle...
iconic-australian-passenger-trains-suffer-subsidy-cuts
GREAT Southern Rail (GSR) is set to halve the frequency of services on its iconic Ghan and Indian Pacific trains after the Australian federal government announced that it would cut its subsidy by $A 9m...
tendering-set-to-start-for-gold-coast-lrt-phase-2
QUEENSLAND's deputy premier and minister for transport Ms Jackie Trad announced on August 6 that expressions of interest for the second phase of the Gold Coast light rail network will open on August 10 as...
ugl-and-unipart-to-upgrade-sydney-trains-emus
TRANSPORT for New South Wales (TfNSW) has awarded a joint venture of Australia's UGL and Unipart Rail, Britain, a $A 131m ($US 96m) contract to upgrade the fleet of 447 Tangara double-deck EMU cars operated...