Financial

ISRAEL Railways (IR) made a profit of Shekels 77m ($US 21m) from current activities in 2016, a 10% increase on its Shekels 70m profit in 2015.
THE German rail industry achieved a 5.2% increase in exports in 2016 to €6.1bn taking exports to 52% of total sales of €11.8bn. However, domestic sales fell by 12% to…
THE European Commission (EC) announced that rail projects in Greece will receive funding from the European Union (EU) cohesion funds, as part of a €1.3bn investment which will allow major…
THE European Investment Bank (EIB) has granted Belgian National Railways (SNCB) a €600m loan to invest in modernising its rolling stock fleet.
THE Kenyan government has announced more than $US 730m in new funding for the first and second phases of the 592km Mombasa - Nairobi - Naivasha Standard-Gauge Railway (SGR) project…
RUSSIAN Railways (RZD) and Gazprom signed an agreement on March 30 to jointly finance the construction of the Northern Latitudinal Railway (NLR) in western Siberia.
ACCORDING to studies undertaken by Roland Berger for the Rail Working Group, a Swiss organisation committed to adopting the Luxembourg Protocol, private finance in European rolling stock procurement has increased…
CHINESE rolling stock manufacturer CRRC Corporation has reported that its net profited declined 4.42% year-on-year to Yuan 11.3bn ($US 1.64bn) in 2016.
VOSSLOH announced on March 23 that it achieved increased profitability in 2016 after it focused on higher-margin projects as well as efficiency and cost management enhancements.
FERROMEX owner Grupo México confirmed in a statement to the Mexican stock exchange on March 27 that it has reached an agreement to acquire a 100% stake in Florida East…
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