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India sets $US 20.8bn railway budget for 2017-18 PRESENTING India’s first combined budget on February 1, finance minister Mr Arun Jaitley announced an enhanced plan size of Rs 1.31 trillion ($US 20.8bn) for Indian Railways (IR) for the 2017-18 fiscal year and announced the setting up of a Rail Safety Fund (RRSK).
milan-metro-and-regional-rail-operators-mull-merger
NORTH Milan Railways (FNM) confirmed on February 14 that it is talks with Milan urban transport operator Milan Transport (ATM) regarding a possible merger. Following media reports, FNM issued a statement confirming it had begun “preliminary...
sj-plans-investment-in-new-trains-as-profits-soar
SWEDISH national train operator SJ is planning to accelerate investment in the modernisation of its train fleet as rising demand continues to strengthen the company’s revenues and profits. According to SJ’s annual results for 2016, which...
aurizon-reports-solid-first-half-results
AUSTRALIAN rail freight operator Aurizon has announced a 21% increase in underlying Ebit of $A 488m for the six months ending December 31 2016, compared with $A 403m in the first half of the 2016...
trimble-acquires-beena-vision
TECHNOLOGY and solutions company Trimble, United States, announced on February 8 that it has acquired rail inspection systems manufacturer Beena Vision for an undisclosed fee. Beena Vision will become a part of Trimble’s engineering and construction...
cn-to-invest-$c-25bn-this-year
CANADIAN National Railway (CN) says 64% of its $C 2.5bn ($US 1.9bn) capital investment budget in 2017 will be used to upgrade track and structures. CN’s 2017 infrastructure spending is expected to total $C 1.6bn. This...
eu-launches-new-e1bn-transport-infrastructure-fund
THE European Commission (EC) is inviting transport infrastructure investment proposals which combine €1bn of grants through the Connecting Europe Fund (CEF) with other sources including the European Fund for Strategic Investments (EFSI) and public and...
russian-railways-to-finance-north-south-transport-corridor
RUSSIAN Railways (RZD) announced on February 8 that it will allocate Roubles 1.9bn ($US 32.1m) towards an ongoing project to reconstruct the Trubnaya - Verkhniy Baskunchak - Aksaraiskaya line in southern Russia. RZD says it is...
azerbaijan-secures-loan-for-50-locomotives
THE government of Azerbaijan has secured a €277m loan from a consortium of Societe Generale, BNP Paribas and the French branch of HSBC Bank to purchase 50 locomotives for use on the Baku - Tbilisi...
ec-to-continue-funding-romanian-project
ROMANIAN infrastructure manager CFR Infrastructure announced on February 3 that the European Commission (EC) has agreed to continue funding the rehabilitation of the Coşlariu - Simeria and Sighisoara - Coşlariu sections of the Braşov -...
india-sets-$us-208bn-railway-budget-for-2017-18
PRESENTING India’s first combined budget on February 1, finance minister Mr Arun Jaitley announced an enhanced plan size of Rs 1.31 trillion ($US 20.8bn) for Indian Railways (IR) for the 2017-18 fiscal year and announced...

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