FOLLOW US:

Financial

image
Vossloh to sell its transportation division THE Supervisory Board of Vossloh has announced a new strategy for the company which involves focussing on its track products and activities and divesting its locomotive and LRV business by 2017.
audit-criticises-british-rolling-stock-procurement
A report by Britain's Public Accounts Committee (PAC) has criticised the Department for Transport's (DfT) handling of two major rolling stock procurement projects, arguing that the government has taken on a disproportionate share of the...
india-signs-$us-11bn-freight-corridor-loan
DEDICATED Freight Corridor Corporation (DFCC) finance director Mr M K Mittal and World Bank country director for India Mr Onno Ruhl signed a $US 1.1bn loan agreement in Delhi on December 11, which will finance...
finmeccanica-invites-binding-bids-for-rail-assets
FINMECCANICA CEO Mr Mauro Moretti has invited bidders to submit binding offers within the next few days for the acquisition of AnsaldoBreda and its 40% stake in Ansaldo STS, according to reports in the Italian...
tanzania-railway-chiefs-suspended
TANZANIA Railway's (TRL) deputy managing director and chief finance officer have been suspended by the country's transport minister Mr Harrison Mwakyembe as investigations into the controversial acquisition of 25 wagons from Indian firm Hindustan Engineering...
auckland-city-rail-link-facing-two-year-delay
AUCKLAND Council's Governing Body has voted to defer the start of work on the $NZ 2.4bn ($US 1.89bn) City Rail Link (CRL), a 3.5km underground extension of the existing suburban line beneath the city centre...
uganda-probes-standard-gauge-railway
A parliamentary select committee in Uganda has launched a probe into the award of an $US 8bn contract for the 250km single-track Kampala - Malaba standard-gauge railway to China Harbour Engineering Company (CHEC). The team is...
boston’s-green-line-extension-secures-federal-funds
THE Federal Transit Administration has pledged about $US 996m through a New Start Engineering programme grant to support a 7.6km extension of Massachusetts Bay Transportation Authority's (MBTA) Green Line from Cambridge to Somerville and Medford. MBTA...
vossloh-to-sell-its-transportation-division
THE Supervisory Board of Vossloh has announced a new strategy for the company which involves focussing on its track products and activities and divesting its locomotive and LRV business by 2017.Vossloh's rail infrastructure division will...
india-selects-rail-projects-for-private-participation
INDIA's ruling National Democratic Alliance (NDA) government has selected about 20 railway projects worth Rs 900bn ($US 14.5bn) for domestic or foreign direct private investment, allowing Indian Railways to float global bids shortly.This follows the...
PROSPECTIVE bidders for the contract to execute the 207km segment one of Oman's 2235km railway network from Sohar to Buraimi have been granted a one month extension to submit their bids by Oman Railway Company...