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Network Rail sets out £47bn five-year spending plan BRITAIN’s infrastructure manager Network Rail (NR) says it wants to increase spending to £47bn in the five-year period from 2019 to 2024 (Control Period 6 - CP6) in order to increase capacity, improve the reliability of infrastructure and reduce delays by 15%.
vossloh-reports-sales-increase-as-locomotive-offload-nears
VOSSLOH has announced that group sales from continuing operations increased from €822.5m to €918.3m in fiscal 2017. However, the company is set to end the year with a negative net income due to losses incurred...
kosovo-rail-modernisation-nets-more-eu-funds
THE European Union (EU) has confirmed a further €38.5m in co-financing for the three-stage modernisation of Kosovo’s railway infrastructure.   The grant agreement was signed through the Western Balkans Investment Framework (WBIF), a joint initiative of the...
bombardier-reports-strong-performance-in-2017
BOMBARDIER Transportation recorded revenues of $US 8.5bn in 2017, a 13% increase from the $US 7.57bn reported in 2016. Ebit also increased by 5% from $US 396m to $US 417m, while Ebitda before special items...
slovenian-railways-to-sell-49-stake-in-freight-unit
SLOVENIAN Railways (SŽ) has closed the bidding process for the sale of a 49% stake in its rail freight unit Tovorni Promet. The deadline for the submission of binding bids expired on January 31 after several...
network-rail-sets-out-£47bn-five-year-spending-plan
BRITAIN’s infrastructure manager Network Rail (NR) says it wants to increase spending to £47bn in the five-year period from 2019 to 2024 (Control Period 6 - CP6) in order to increase capacity, improve the reliability...
italian-province-sets-budget-for-rail-investment
THE municipal administration of Italy’s autonomous Alto Adige province has committed €172m to its mobility and infrastructure plan for 2018-2020. Among the projects set to benefit from the investment are the electrification of the Venosta valley...
italo-ntv-accepts-E19bn-offer-from-us-fund
THE shareholders of Italy’s open-access high-speed operator Italo-NTV have decided to accept the offer from the Global Infrastructure Partners III equity fund to acquire the entire share capital of the company for €1.94bn.The offer includes...
sj-reports-record-ticket-sales-in-2017
SWEDISH passenger operator SJ says it sold 30 million tickets for its services in 2017, a new record, and an increase of 2% over the previous year. Record ticket sales helped SJ to report an operating...
global-infrastructure-partners-iii-makes-e19bn-bid-for-italo
NEW York-based investment fund Global Infrastructure Partners III (GIP) has launched a bid to acquire Italian open-access high-speed operator Italo-NTV, just weeks before its planned initial public offering (IPO) on the Milan stock exchange. GIP is...
loram-to-acquire-georgetown-rail-equipment-company
LORAM Maintenance of Way and Georgetown Rail Equipment Company (Grex) have completed a definitive merger agreement whereby Loram will acquire all outstanding shares of Grex. Loram offers equipment and services for rail grinding, ballast maintenance and...

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