Financial

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%…
ACCORDING to a new metro policy endorsed by India’s union cabinet on August 16, the government will only approve or fund metro projects after state governments have firmed up public-private…
DANISH State Railways (DSB) announced on August 10 that DSB Sweden has sold its DSB Uppland subsidiary to Transdev Sweden for an undisclosed sum.
JACOBS Engineering Group announced on August 2 that it has entered a definitive agreement with CH2M to acquire all of the company’s outstanding shares in a cash-and-stock transaction with an…
THE US federal government has unveiled new proposals which it hopes will spur private investment in public transport.
US president Donald Trump’s budget proposal for the 2018 financial year made grim reading for transit advocates, with plans to scrap popular federal funding programmes for public transport projects.Jonny Dearden,…
FRENCH National Railways (SNCF) has turned a 2016 first half loss of €159m into a profit of €119m for the first half of 2017 thanks to a 3.7% increase in…
THE European Commission (EC) decided on July 25 to allocate €110.5m to the Rail Baltica project, and also confirmed that funding agreements would be signed by the end of November.
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