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Alstom and Siemens Mobility in merger talks ALSTOM confirmed on September 22 that it is in discussions with Siemens regarding a “possible combination” with Siemens Mobility.
alstom-and-siemens-mobility-in-merger-talks
ALSTOM confirmed on September 22 that it is in discussions with Siemens regarding a “possible combination” with Siemens Mobility. In a statement, Alstom said discussions are ongoing and no agreement has been reached. French newspaper Le Monde...
greece-concludes-sale-of-trainose-to-fs
ITALIAN State Railways (FS) completed its acquisition of Greek national train operator Trainose on September 14, when the final documents authorising the transaction were signed at the Greece - Italy High Level Cooperation Council summit...
financing-agreed-for-china’s-first-ppp-high-speed-project
THE first high-speed rail project in China to be implemented as a public private partnership (PPP) moved a step closer to the start of construction on September 11, when China Railway Corporation (CRC) and its...
rzd-reports-improved-performance-as-demand-for-greater-network-capacity-intensifies
RUSSIAN Railways (RZD) reported a 4.1% year-on-year increase in revenues across its 192 subsidiaries to Roubles 1.082 trillion ($US 18.99bn) in the first six months of 2017, with the result underpinned by strong freight and...
midland-metro-secures-funds-for-edgbaston-extension
BRITAIN’s Department for Transport has pledged £59.8m towards Midland Metro’s 2km Edgbaston extension, completing the £149m in funding required for the project. The extension from Grand Central near Birmingham New Street station to Edgbaston will include...
innovative-funding-gains-momentum
FOR several years now governments around the world have been trying to attract private funding for rail projects as a way of bridging the gap between dwindling public resources and the need to expand urban...
rzd-logistics-intermodal-traffic-grows-in-first-half
AMIDST continuing rises in China-Europe intermodal rail freight traffic, RZD Logistics and its sister company Far East Land Bridge reported a 1.8-times year-on-year increase in overall intermodal traffic in the first six months of 2017.   In...
buenos-aires-line-nets-loan-for-electrification
THE Inter-American Development Bank has approved a $US 400m loan to support signalling and telecommunications upgrades and electrification of the 76km San Martin commuter railway in Buenos Aires, the only suburban line in the city...
latvia-secures-finance-for-loco-modernisation
LATVIAN Railways (LZD) has agreed a 12-year €22.8m loan agreement with the Nordic Investment Bank (NIB) for modernisation of its fleet of 14 2M62UM diesel locomotives. Work on the project began in 2015 and the financial...
murray--roberts-increases-gautrain-concession-stake
CONSTRUCTION and engineering group Murray & Roberts (M&R) has increased its stake in the Bombela Concession Company, which operates and maintains the Gautrain railway network in South Africa, to 50% by purchasing Bouygues Travaux Publics...

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