FOLLOW US:

Financial

image
EC investigates Siemens-Alstom merger amid competition concerns THE European Commission (EC) confirmed on July 13 that it has launched an “in-depth” investigation into the merger of Siemens mobility and Alstom amid concerns that the combination may adversely affect competition in the signalling and rolling stock markets.
ec-launches-investigation-into-siemens-alstom-merger
THE European Commission (EC) confirmed on July 13 that it has launched an “in-depth” investigation into the merger of Siemens mobility and Alstom amid concerns that the combination may adversely affect competition in the signalling...
cuiabá-reissues-tender-for-light-rail-project
THE government of the state of Mato Grosso in the centre-west region of Brazil has announced a tender to resume the light rail project in Cuiabá, which was originally due to open in time for...
caf-to-acquire-bus-and-lrv-manufacturer-solaris
CAF, Spain, has entered into an agreement to acquire Polish bus and LRV manufacturer Solaris in a deal worth around €300m.Solaris, which was established in 1996, has been seeking an investor over the past few...
east-coast-franchise-returns-to-state-control-with-launch-of-lner
BRITAIN’s East Coast franchise returned to government-owned operation on June 25 with the launch of London North Eastern Railway-branded (LNER) services following the failure of the eight-year Virgin Trains East Coast (VTEC) franchise jointly held...
high-turnover-helps-stadler-recover-from-swiss-franc-shock
STADLER says it has recovered from the negative effects of the Swiss franc shock, with turnover at Stadler Rail returning to approximately the same level as before the Swiss National Bank’s unexpected decision to scrap...
british-regulator-calls-for-network-rail-to-improve-reliability-and-safety
BRITAIN’S Office of Rail and Road (ORR) has called for infrastructure manager Network Rail (NR) to spend more on reliability and safety over the next five years, including an extra £1bn to replace worn-out assets.The...
itinera-takes-over-danish-rail-project-as-partners-face-corruption-charges
ITALIAN construction firm Itinera has announced that it has taken over sole responsibility for the new Storstrøms Bridge on the Copenhagen - Femern railway line, as the two firms it won the contract with are...
victorian-regional-and-airport-links-makes-progress
THE Australian and Victorian governments have provided an update on the construction timeframes for the $A 1.75bn ($US 1.3bn) jointly-funded Regional Rail Revival programme, which will upgrade predominantly passenger rail lines across the state of...
siemens-alstom-merger-could-be-delayed
COMPLETION of the planned merger between Siemens’ Mobility division and Alstom could be delayed until from the end of 2018 until some time during the first half of 2019 due to the time needed to...
funding-recommended-for-two-us-rail-projects
TWO US rail projects have been recommended for $US 148.2m in grants, plus another four grade-separation schemes totalling $US 66m, out of 26 transport projects recommended by the US Department of Transportation (USDOT) to be...

Get the latest rail news

IRJ Rail Brief newsletter covers global railway news