FOLLOW US:

Financial

image
Investment fund to acquire Singapore metro operator TEMASAEK Holdings, an investment company owned by the Singaporean government, announced on July 20 that it has reached an agreement to acquire all of the shares in Singapore metro operator SMRT Corporation through its Belford Investments subsidiary.
chinese-agree-$us-76bn-loan-for-new-tanzanian-line
CHINA Export-Import (Exim) Bank has agreed to provide Tanzania with a $US 7.6bn loan to build around 2200km of new standard-gauge railway linking Dar es Salaam with cities in central and western Tanzania.The loan was...
investment-fund-to-acquire-singapore-metro-operator
TEMASAEK Holdings, an investment company owned by the Singaporean government, announced on July 20 that it has reached an agreement to acquire all of the shares in Singapore metro operator SMRT Corporation through its Belford...
china-to-invest-$us-418bn-in-rail
CHINA’s premier Mr Li Keqiang has approved plans to invest Yuan 2.8 trillion ($US 418bn) to build 23,000km of new lines during the 13th five-year plan which runs from 2016 to 2020.The plan, which was...
adif-av-registers-net-loss-of-e361m
SPAIN's high-speed rail infrastructure manager Adif-AV registered a net loss of €361.3m in 2015, a 67% increase on the previous year and 28% over its own fiscal year budget, according to an official income statement...
singapore-lta-acquires-smrt-rail-assets
SINGAPORE Land Transport Authority (LTA) announced on July 15 that it has reached an agreement with urban rail operator SMRT to transfer ownership of the company's operating assets to LTA. The transfer is part of the...
greece-accepts-italian-bid-for-trainose-privatisation
ITALIAN State Railways (FS) has moved a step closer to acquiring Greek national train operator Trainose after the board of the Hellenic Republic Asset Development Fund (HRADF), which is responsible for managing privatisation of state-owned...
germany-increases-regional-rail-funding
GERMANY's federal council laid the legislative foundations to strengthen urban and regional rail services at its sitting on July 8. This follows the approval of a legislative package by the Bundestag on July 7. This means...
fs-submits-only-bid-for-trainose-privatisation
THE Hellenic Republic Asset Development Fund (HRADF) announced on July 6 that Italian State Railways (FS) has submitted the only binding bid for the sale of 100% of the share capital in Greek national train...
akiem-secures-loan-to-refinance-leasing-business
EUROPEAN locomotive leasing company Akiem has secured a €125m loan from HSH Nordbank, Germany, which is participating as a mandated lead arranger in providing refinancing for Akiem.The loan forms part a €750m refinancing of Akiem...
russia-finances-cuban-locomotive-modernisation
THE government of Cuba signed a €190m loan agreement with the Export Insurance Agency of Russia (Exiar) during last-week's St Petersburg International Economic Forum, which will be used by Cuban Union Railways (UFC) to finance...