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Italy to sell 40% stake in FS by 2016 ITALY's economy minister Mr Giancarlo Padoan has announced that the government is planning a "quick" partial-privatisation of Italian State Railways (FS) in a bid to reduce the public debt and improve the competitiveness of the railway in the high-speed rail and regional public transport markets.
veolia-challenges-german-government-over-rail-competition
VEOLIA Transport has sent an open letter to German federal transport minister Mr Alexander Dobrindt calling for the end of discrimination against rail in the German transport market, particularly in the long-distance arena, where trains...
stagecoach-and-virgin-clinch-east-coast-franchise
BRITAIN's Department for Transport (DfT) announced on November 27 that it has awarded an eight-year contract to operate the Inter-City East Coast (ICEC) franchise to Inter City Railways (ICR), a joint venture of Stagecoach (90%)...
letter-of-intent-signed-for-beijing-metro-line-16
THE Beijing municipal government, Beijing MTR Corporation, and the three shareholders of Beijing MTR signed a letter of intent during the Beijing Hong Kong Economic Cooperation Symposium on November 26 to initiate a concession agreement...
blueprint-for-britain’s-wessex-network-unveiled
BRITAIN's infrastructure manager Network Rail (NR) has issued the Wessex Route Plan, a blueprint for the future of passenger and freight services from London Waterloo to the south and the west of England over the...
trl-negotiates-$us-130m-loan-to-modernise-railway
TANZANIA Railways (TRL) has negotiated at $US 130m loan with Tanzania Investment Bank for the installation of a global positioning system (GPS) and acquisition of new locomotives. TRL Board chairman Mr Severine Kaombwe said: "We are...
bnsf-sets-2015-capital-budget-at-$us-6bn
BNSF announced on November 20 that it has set its 2015 capital budget for maintenance and investment at $US 6bn, around $US 400m higher than initial projections. 2015 is the third year in a row that...
italy-to-sell-40-stake-in-fs-by-2016
ITALY's economy minister Mr Giancarlo Padoan has announced that the government is planning a "quick" partial-privatisation of Italian State Railways (FS) in a bid to reduce the public debt and improve the competitiveness of the...
hong-kong-reveals-$us-14bn-rail-blueprint
With the latest phase of its rail development set for completion at the end of the decade, Hong Kong is looking to the next stage of network expansion with its 2014 Rail Development Strategy, which...
hitachi-submits-bid-for-finmeccanica-rail-assets
FINMECCANICA says it received an offer from Hitachi on November 17 for the acquisition of its loss-making rolling stock unit AnsaldoBreda and the company's 40% stake in Ansaldo STS. Finmeccanica announced last month that it had...
indonesian-banks-agree-loans-to-fund-new-trains
FOUR Indonesian banks have agreed to lend the country's national railway PT Kereta Api Rupiahs 2.38 trillion ($US 195.5m) to help increase capacity on the Jabodetabek commuter rail network serving Jakarta and neighbouring cities. The railway...