Financial

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 ($US 245.6m) contract for the remaining civil works on the 13.4km Holm - Nykirke section of the Vestfold line…
GERMAN Rail (DB)and private German passenger operators are establishing framework contracts with chosen suppliers ahead of future regional passenger rolling stock tenders.
KIWIRAIL plans to devalue its assets to more accurately reflect their productive earnings value.
SWEDISH local transport operator Skånetrafiken has signed a Euros 100m contract with Alstom for the supply of 20 Coradia Nordic X61 regional emus. The four-car trains will be operated in…
CHINA's Ministry of Railways has denied reports that it is seeking Yuan 800bn ($US 125.31bn) in funds from the government to finance the completion of its ongoing railway construction projects.
GERMAN Rail's international subsidiary, DB Arriva, has acquired British open-access operator Grand Central Railway for an undisclosed sum.
THE Turkish Directorate of Railways, Harbours and Airports Construction (DLH) has awarded a consortium of and Spanish civil construction company OHL and Invensys Rail Dimetronic a Euros 1bn contract for…
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