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Australian federal budget favours road over rail WHILE the new 2015-16 budget published by Australia's federal government on May 12 will see increases in spending on both rail and road infrastructure, the rate of increase for road is much greater than for rail, and federal funding for urban rail will be slashed.
watco-acquires-texan-shortlines-from-iowa-pacific
WATCO Companies confirmed on May 18 that it has entered into a definitive agreement to purchased two west Texas shortlines from Iowa Pacific Holdings for an undisclosed sum. The 169km Texas and New Mexico Railway extends...
australian-federal-budget-favours-road-over-rail
WHILE the new 2015-16 budget published by Australia's federal government on May 12 will see increases in spending on both rail and road infrastructure, the rate of increase for road is much greater than for...
westbahn-orders-10-more-stadler-emus
AUSTRIAN open-access operator Westbahn will purchase 10 additional Kiss EMUs from Stadler in a €180m deal announced by Mr Peter Haselsteiner, director of Rail Holding, Westbahn's parent company. The new trains will consist of four cars...
business-as-usual-for-fs
Buoyed by a strong balance sheet, Italian State Railways (FS) is currently embarking on an ambitious programme of restructuring, infrastructure investments and service improvements. A year since his appointment as CEO, Michele Elia speaks exclusively...
lower-saxony-invites-passenger-rail-tender
LOWER Saxony's regional public transport authority LNVG has announced a tender for express and regional services covering the north, central and southern regions of the German state in the Official Journal of the European Union. The...
ir-abandons-mumbai-elevated-rail-corridor
INDIAN Railways' Rs 240bn ($US 4.5bn) project to construct a 63km elevated rail corridor linking Churchgate to Virar in Mumbai has been abandoned following a lack of response from private parties. Eight infrastructure giants including CAF,...
rumo-all-sets-out-$us-25bn-investment-strategy
RUMO ALL, the company formed in February following the takeover of Latin American Logistics (ALL) by Rumo Logistics, a subsidiary of Cosan Logistics, has unveiled a long-term investment strategy which emphasises modernising the Brazilian railfreight...
bombardier-to-sell-minority-stake-in-rail-business
AFTER several weeks of rumours in the financial press, Bombardier confirmed on May 7 that it will sell a minority stake in its rail business Bombardier Transportation through an initial public offering (IPO), which will...
greenbrier-buys-stake-in-amsted-maxion-hortolândia
THE Greenbrier Companies has completed its acquisition of a 19.5% stake in Brazilian wagon manufacturer Amsted-Maxion Hortolândia for $US 15m. Amsted-Maxion Hortolândia will use the investment to pay down outstanding debt and position the company for...
flotation-values-talgo-at-e127bn
TALGO made its debut on the Madrid stock exchange on May 7 with shares trading at €9.25, the lower end of the price range, setting the company's total market value at €1.265bn. Only institutional investors...