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Equity fund acquires Swedish railfreight operator EQT Infrastructure II, a €1.9bn equity fund, is to take a majority stake in Hector Rail, a private Swedish railfreight company which operates trains in Scandinavia and Germany.
three-year-direct-award-franchise-for-southeastern
BRITAIN's Department for Transport has directly awarded Southeastern a three-and-a-half year contract to continue operating the integrated Kent Franchise until June 2018. The franchise covers commuter services from London to East Sussex and Kent together with...
pkp-cargo-in-talks-to-acquire-two-railfreight-operators
POLAND's largest railfreight operator PKP Cargo has announced that it is in acquisition talks with the owners of three open-access freight operators in Poland and the Czech Republic. PKP Cargo says it has signed a letter...
equity-fund-acquires-swedish-railfreight-operator
EQT Infrastructure II, a €1.9bn equity fund, is to take a majority stake in Hector Rail, a private Swedish railfreight company which operates trains in Scandinavia and Germany. The acquisition is expected to be completed...
network-rail-awards-£16bn-renewal-frameworks
BRITISH infrastructure manager Network Rail (NR) has awarded nine suppliers a total of 20 five-year framework enhancement and renewal contracts worth a combined £1.6bn for its London North Western and East Midlands routes. The winning suppliers...
balfour-beatty-sells-parsons-brinckerhoff-to-wsp-global
BALFOUR BEATTY announced on September 3 that it has sold its engineering and design consultancy subsidiary Parsons Brinckerhoff (PB) to WSP Global, Canada, for £820m ($US 1.35bn). The deal is subject to approval by Balfour Beatty...
cnr-and-csr-halt-share-trading-amid-merger-reports
THE WORLD's largest rolling stock manufacturers CNR and CSR have suspended trading of their shares following reports in the Chinese media that the Chinese government is looking to merge the two companies. A report published on...
mixed-first-half-results-for-sbb
SWISS Federal Railways (SBB) published its first half results on September 1, revealing a 3% rise in daily passenger traffic, which increased to 1.002 million, and 27% year-on-year growth in freight traffic, which reached 7.6...
newag-first-half-revenues-up-37
POLISH rolling stock manufacturer Newag issued its first half results on August 29, with net profits rising 147% to Zlotys 35.8m ($US 11.1m) and revenue reaching Zlotys 391.9m, a 37% increase compared with the corresponding...
$us-870m-first-half-loss-for-china-railways-corporation
CHINA Railways Corporation (CRC) has reported a loss of Yuan 5.36bn ($US 870m) after tax for the first half of this year, compared with a profit of Yuan 2.57bn in the first half of 2013. According...
kiwirail-seeks-productivity-boost-as-losses-mount
NEW ZEALAND's national railway KiwiRail has posted losses of $NZ 248m ($US 208m) for the 2013-14 financial year, which ended on June 30 2014, compared with a deficit of $NZ 174m in the previous financial...