Financial

TECHNOLOGY and solutions company Trimble, United States, announced on February 8 that it has acquired rail inspection systems manufacturer Beena Vision for an undisclosed fee.
CANADIAN National Railway (CN) says 64% of its $C 2.5bn ($US 1.9bn) capital investment budget in 2017 will be used to upgrade track and structures.
THE European Commission (EC) is inviting transport infrastructure investment proposals which combine €1bn of grants through the Connecting Europe Fund (CEF) with other sources including the European Fund for Strategic…
RUSSIAN Railways (RZD) announced on February 8 that it will allocate Roubles 1.9bn ($US 32.1m) towards an ongoing project to reconstruct the Trubnaya - Verkhniy Baskunchak - Aksaraiskaya line in…
THE government of Azerbaijan has secured a €277m loan from a consortium of Societe Generale, BNP Paribas and the French branch of HSBC Bank to purchase 50 locomotives for use…
ROMANIAN infrastructure manager CFR Infrastructure announced on February 3 that the European Commission (EC) has agreed to continue funding the rehabilitation of the Coşlariu - Simeria and Sighisoara - Coşlariu…
PRESENTING India’s first combined budget on February 1, finance minister Mr Arun Jaitley announced an enhanced plan size of Rs 1.31 trillion ($US 20.8bn) for Indian Railways (IR) for the…
VOSSLOH announced on January 31 that it has completed the sale of its Electrical Systems business unit to Knorr-Bremse subsidiary Systeme für Schienenfahrzeuge.
AUSTRALIAN rail freight operator Aurizon has undertaken a review of the value of its assets as of December 31 2016, with the Aurizon Board deciding to recognise impairments and significant…
THE Nigerian federal government has approved construction of the Kano - Kaduna standard-gauge line.
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