ORR targets £2bn savings for Network Rail by 2019
BRITAIN's Office of Rail Regulation (ORR) published its 2013 Periodic Review of Network Rail (NR) on June 12, which sets out how the regulator expects how the infrastructure manager to reduce costs by £2bn during Control Period 5 (CP5), the 2014-19 funding period.
BRITAIN's Department for Transport (DfT) confirmed on June 14 that it has reached financial close with the Siemens/Cross London Trains consortium on a £1.6bn contract to finance, supply and maintain the train fleet for London's...
BRITAIN's Office of Rail Regulation (ORR) published its 2013 Periodic Review of Network Rail (NR) on June 12, which sets out how the regulator expects how the infrastructure manager to reduce costs by £2bn during...
ABELLIO Rail NRW signed a contract with Stadler Pankow on June 12 for a fleet of 20 five-car Flirt emus, which will be used on the Dutch-German Lower Rhine Network from December 2016.
The 160km/h trains...
THE BOARD of New Zealand's national railway KiwiRail announced on June 7 that CEO Mr Jim Quinn is to stand down when his current five-year contract expires next February.
Quinn was the first CEO of KiwiRail...
CALIFORNIA High Speed Rail Authority's (CHSRA) board unanimously approved a $US 985.1m bid from a California-based joint venture of Tutor Perini, Zachary and Parsons on June 7 to carry out civil works on the inaugural...
IN its latest study, "Freight Wagons – Global Market Developments," German consultancy SCI Verkehr projects that all market regions will experience constant growth in freight wagon sales in the next five years after sales reached...
THE president of the European Investment Bank Mr Werner Hoyer signed a €50m loan agreement with Mr Stasys Dailydka, director general of Lithuanian Railways (LG) in Vilnius on June 3, which will support the renewal...
FOUR European railway associations plus the International Association of Public Transport (UITP) are calling for urgent action to accelerate the excessively slow and cumbersome processes for the certification of trains in Europe which they argue...
NATIONAL Express has placed its first rolling stock order for its German regional rail operations, with the awarding of €170m contract to Bombardier for 35 Talent 2 emus.
The trains will be used on RE7 Rhine-Münsterland...
SERBIAN Railways (ZS) president Mr Dragoljub Simonović and Mr Sergey Pavlov, CEO of Russian Railways (RZD) subsidiary RZD International, have signed a $US 800m loan agreement which will finance the renewal of rolling stock and...
