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Property sales boost SBB profits in 2014 SWISS Federal Railways (SBB) increased its group net profit by 56.6% in 2014 to SFr 373m ($US 259.6m) with growth in all sectors.
portugal-tenders-lisbon-transport-sub-concession
THE Portuguese government has issued a tender for a sub-concession to operate Lisbon's public transport services including its metro service, and light rail operations which is currently operated by city's bus operator, Carris. It expects...
allegro-funds-buys-great-southern-rail
PRIVATE equity firm Allegro Funds has acquired luxury train company Great Southern Rail from Serco for a figure 'below $A20m' ($US15m).Great Southern Rail provides luxury train services through the Australian outback, including the Ghan, which...
property-sales-boost-sbb-profits-in-2014
SWISS Federal Railways (SBB) increased its group net profit by 56.6% in 2014 to SFr 373m ($US 259.6m) with growth in all sectors. However, this impressive increase was mainly due to a 55% rise in...
ec-funds-portugal-–-spain-freight-line
THE European Commission has pledged €136m in matching funding from its Cohesion Fund for the development of the standard-gauge freight line from the Portuguese port of Sines to the border town of Elvas. The total cost...
gw-completes-freightliner-acquisition
GENESEE & Wyoming (G&W) confirmed on March 25 that it has completed the £492m acquisition of approximately 94% of Freightliner Group, Britain, from Arcapita and other shareholders, plus approximately £19m of net debt and capitalised...
philippines-seeks-private-partner-for-commuter-project
PHILIPPINE state-owned Bases Conversion and Development Authority (BCDA) plans to issue a tender this year to establish a joint-venture company with a private partner to implement the Clark Rail project, an 82km section of the...
vossloh-restructuring-hits-2014-results
DESPITE recording a 1.8% increase in group sales in 2014 to €1.32bn, Vossloh reported a negative Ebit of €171.6m as the company's restructuring plan continues to impact its performance. A comprehensive company status appraisal, which was...
ec-expresses-doubts-over-spanish-test-centre
NEW doubts over the economic feasibility a new high-speed railway test centre in southern Spain have surfaced after the European Commission (EC) launched an in-depth investigation to determine if the €359m project violates European Union...
ns-to-abandon-irish-train-leasing-subsidiary
DUTCH Minister of Finance, Mr Jeroen Dijsselbloem, has informed the Dutch Parliament that Netherlands Railways (NS) will stop ordering trains through its Irish leasing subsidiary NS Financial Services Company which will be wound down. About...
bls-cargo-income-down-profits-up
SWISS railfreight operator BLS Cargo announced its annual results on March 17, revealing a 75% increase in profits to SFr 2.5m ($US 2.5m) and a 49% increase in Ebit to SFr 4 million in 2014...