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CAF reports 39% fall in 1Q net profit CAF, Spain, has reported a 39% drop in net profit for the first quarter of 2016 which fell from €14m in the first quarter of 2015 to €8.6m this year. Nevertheless CAF says its prospects for 2016 remain unaltered due to a strong order pipeline and improved efficiency.
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...
maryland-purple-line-light-rail-secures-federal-loan
THE United States Department of Transportation has awarded a Transportation Infrastructure Finance and Innovation Act (Tifia) loan of $US 874.6m to Purple Line Transit Partners for the $US 2bn Maryland Purple Line light rail public-private...
canada-backs-british-columbia-rail-investment
THE prime minister of Canada, Mr Justin Trudeau, and the premier of British Columbia (BC), Ms Christy Clark, announced in Vancouver on June 16 the $C 900m ($US 697m) of additional funding will be made...
stadler-hit-by-lifting-of-swiss-franc-cap-with-euro
STADLER, Switzerland, says the decision to remove the Swiss Franc's exchange rate cap with the Euro in 2015 has cost it more than SFr 100m ($US 103.6m) on top of a fall in orders for...
italian-jv-offers-E953m-for-fs-station-subsidiary
ANTIN Infrastructures in a joint venture with Icamap and Borletti Group has offered €953m to acquire Grandi Stazioni Retail from Italian State Railways (FS) and Eurostazioni, which FS says is the best of the four...
rina-acquires-edif-group-for-£1185m
ITALIAN testing, inspection, certification and engineering consulting group Rina has acquired the entire share capital of Edif Group, Britain, from Phoenix Equity Partners for £118.5m. Rina is funding the acquisition through an equity capital injection from...
db-cargo-cuts-freight-activities-in-profitability-drive
GERMAN Rail's (DB) rail freight subsidiary, DB Cargo has confirmed plans to withdraw freight services from 215 locations in Germany reducing the total number of locations it serves to around 1300.DB Cargo, which made a...
pesa-establishes-locomotive-leasing-business
POLISH rolling stock manufacturer Pesa signed an agreement with the Polish Development Fund (PFR) on May 16 to establish a locomotive leasing unit. Under the deal, which was signed at Pesa's Bydgoszcz plant, Pesa will hold...
alstom-reports-strong-growth-in-sales-in-2015-16
ALSTOM achieved a 12% increase in sales during its financial year which ended on March 31 rising from €6.16bn in 2014-15 to €6.88bn in 2015-16, while adjusted Ebit rose by 23% from €298m to €366m.Orders...