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Israel approves $US 7bn rail investment plan ISRAEL's transport minister Mr Israel Katz approved on February 3 what is claimed to be the country's largest railway budget which calls for an investment of Shekels 28.3bn ($US 7.24bn) until 2020.
edmonton-awards-valley-line-ppp-contract
THE City of Edmonton, Canada, has awarded a public-private-partnership (PPP) contract to the TransEd Partners consortium to design, build, operate, maintain, and finance the first phase of the Valley Line, a 13km light rail line...
alstom-doubles-stake-in-kazakh-ekz
ALSTOM has acquired an additional 25% stake in the Kazakh EKZ joint venture locomotive manufacturer from Kazakhstan Railways (KTZ) to become the main shareholder with a 50% holding. The deal means that KTZ will reduce its...
db-seeks-to-“renew-itself”-after-strategic-review
AT the end of December German Rail (DB) announced the outcome of months of strategic review, assisted by consulting firm McKinsey, confirming a programme of measures to tackle the company's worsening financial performance. CEO Dr Rüdiger...
is-cp’s-pursuit-for-ns-running-out-of-steam?
IN what some industry observers believe may be a final attempt - short of a proxy battle - by hedge fund manager Mr Bill Ackman at a hostile takeover of Norfolk Southern (NS), Canadian Pacific...
bombardier-and-bozankaya-to-bid-for-turkish-hs-train-order
BOMBARDIER has signed a memorandum of understanding (MoU) with Bozankaya, a Turkish LRV car body manufacturer, to bid for Turkish State Railways' (TCDD) forthcoming tender for 80 high-speed trains, which is expected to be published...
union-pacific-cuts-capital-spending-by-15
UNION Pacific (UP), Unites States, plans to invest $US 3.75bn in 2016 which it says is around $US 550m less than it invested in 2015, representing a reduction of almost 15%.UP suffered an 8% fall...
israel-approves-$us-7bn-rail-investment-plan
ISRAEL's transport minister Mr Israel Katz approved on February 3 what is claimed to be the country's largest railway budget which calls for an investment of Shekels 28.3bn ($US 7.24bn) until 2020.The budget includes Shekels...
eu-approves-sale-of-bombardier-transportation-stake
THE sale of a 30% stake in Bombardier Transportation took an important step forward on February 1, when the European Commission (EC) approved the acquisition of joint control over the newly-created holding company Bombardier Transportation...
fs-sale-of-grandi-stazioni-retail-enters-second-phase
ITALIAN State Railways (FS) has received expressions of interest from 17 groups for the sale of its Grandi Stazioni Retail subsidiary which it owns jointly with Eurostazioni. The groups have now been sent information dossiers so...
greece-restarts-trainose-privatisation
THE privatisation of Greece's national train operator Trainose is set to resume after the board of the Hellenic Republic Asset Development Fund (HRADF) gave the go-ahead on January 20 for a new international tender for...