Financial

SLOVAKIA’s national train operator ZSSK has scrapped a tender for the purchase of 25 EMUs amounting to €160m.
WABTEC announced on December 20 that it has acquired engineered freight car components supplier Workhorse Rail, United States.
SMBC Rail Services, a subsidiary of Sumitomo Mitusi Banking Corporation, has agreed to acquire American Railcar Leasing, the sixth largest wagon leasing company in the United States with a fleet…
THE board of French infrastructure manager SNCF Network approved the draft of its first multi-year performance contract with the government, which includes a 10-year spending plan, during a meeting on…
VOSSLOH signed a contract for the sale of its electric systems business division, Vossloh Kiepe to Knorr-Bremse Rail Vehicle Systems on December 21, a further step in the company’s transition…
ALSTOM has signed a purchase agreement to acquire Nomad Digital, Britain, a supplier of passenger and fleet connectivity solutions.
THE government of Bangladesh and Bangladesh Railway (BR) have agreed a memorandum of understanding with DP Rail, Britain, to design, finance, build, operate and maintain the new 240km Dhaka -…
GE Transportation confirmed on December 9 that it has acquired Iders, Canada, a designer and manufacturer of electronic products for the rail industry, which GE says will enhance its sensor…
ONTARIO Teachers’ Pension Plan and Borealis Infrastructure, Canada, announced on December 8 that they are considering selling their 30-year concession to own, operate and manage Britain’s 109km High-Speed 1 (HS1)…
ACCORDING to a number of recent Australian media reports, Indian mining company Adani has requested a $A 1bn ($US 745m) loan from the Australian government’s Northern Australia Infrastructure Facility (Naif)…
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