Financial

ALSTOM confirmed on September 22 that it is in discussions with Siemens regarding a “possible combination” with Siemens Mobility.
ITALIAN State Railways (FS) completed its acquisition of Greek national train operator Trainose on September 14, when the final documents authorising the transaction were signed at the Greece - Italy…
THE first high-speed rail project in China to be implemented as a public private partnership (PPP) moved a step closer to the start of construction on September 11, when China…
RUSSIAN Railways (RZD) reported a 4.1% year-on-year increase in revenues across its 192 subsidiaries to Roubles 1.082 trillion ($US 18.99bn) in the first six months of 2017, with the result…
BRITAIN’s Department for Transport has pledged £59.8m towards Midland Metro’s 2km Edgbaston extension, completing the £149m in funding required for the project.
FOR several years now governments around the world have been trying to attract private funding for rail projects as a way of bridging the gap between dwindling public resources and…
AMIDST continuing rises in China-Europe intermodal rail freight traffic, RZD Logistics and its sister company Far East Land Bridge reported a 1.8-times year-on-year increase in overall intermodal traffic in the…
THE Inter-American Development Bank has approved a $US 400m loan to support signalling and telecommunications upgrades and electrification of the 76km San Martin commuter railway in Buenos Aires, the only…
LATVIAN Railways (LZD) has agreed a 12-year €22.8m loan agreement with the Nordic Investment Bank (NIB) for modernisation of its fleet of 14 2M62UM diesel locomotives.
CONSTRUCTION and engineering group Murray & Roberts (M&R) has increased its stake in the Bombela Concession Company, which operates and maintains the Gautrain railway network in South Africa, to 50%…
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