Financial

MTU Detroit Diesel Australia (MTU) has signed an agreement with CSR Ziyang, China, for exclusive sales and after-sales distributor rights in the Australia-Pacific rail market.
December 14, 2011

VTG acquires SC Leasing

VTG Rail, a subsidiary of VTG, Germany, has acquired SC Leasing, United States, a subsidiary of Sumitomo Corporation of America, and its 2000 freight wagons, doubling VTG Rail's North American…
VEOLIA has today announced its intention to sell its transport business as part of a plan to dispose of up to Euros 5bn worth of assets in the next two…
BRITAIN's chancellor, Mr George Osborne, has announced that more than £1.4bn will be invested in rail projects in an attempt to stimulate the country's ailing economy. The main benefits will…
IRJ at BCN Rail: SPAIN's secretary of state for transport Mr Isaías Táboas Suárez says that the days of the government entirely funding Spain's rail projects are over. Speaking today…
SOUTH Africa's government has agreed to inject Rand 137bn ($US 19.96bn) in Passenger Rail Agency of South Africa's (Prasa) rolling stock and infrastructure investment programme.
TRANSNET, South Africa's national transport company, has brought forward to the next two years rail and port projects worth Rand 6.1bn ($US 755m) previously scheduled for the tail-end of its…
THE Portuguese government has published a strategic transport plan aimed at reducing the cost of train services as part of its austerity programme.
EAST Japan Railway (JR East) is to acquire a controlling interest in Japanese train manufacturer Tokyu Car Corporation, in a deal worth Yen 6.5bn ($US 85.4m) which will take effect…
NORWEGIAN track authority Jernbaneverket has awarded Skanska, Sweden, a NKr 1.36bn ($US 245.6m) contract for the remaining civil works on the 13.4km Holm - Nykirke section of the Vestfold line…
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