Financial

NETHERLANDS Railways (NS) CEO Mr Roger van Boxtel says NS will once again bid for Dutch regional concessions following improvements in performance and a successful period of “cleaning up” following…
BIDS have been invited by May 9 2018 for the operation of Network 7b of the EBO regional rail network in the Karlsruhe area of Germany. The tender is split…
THE board of Belgium’s infrastructure manger Infrabel has approved additional investment of €1.15bn for the period 2018-2031 on top of the €4.3bn in the 2017-2020 plan which will enable the…
THE death was announced on December 16 of Mr E Hunter Harrison, president and CEO of US class 1 railway CSX due to unexpectedly severe complications following a recent illness.
VOSSLOH has completed its financial restructuring by concluding a new €150m five-year syndicated loan in the form of a revolving credit. The loan has two options to extend the final…
THE European Investment Bank (EIB) has granted Austrian Federal Railways (ÖBB) a loan of up to €500m to finance the purchase of new Desiro ML EMUs from Siemens, and Talent…
CZECH rolling stock manufacturer Škoda Transportation has been sold to investment company PPF, Škoda’s parent company, Cyrpus-based CEIL, announced on November 25.
DOWNER EDI, Australia, announced on November 21 that it has reached an agreement to sell its Downer Freight Rail business unit to Caterpillar subsidiary Progress Rail in a deal worth…
ALSTOM says it booked €3.2bn of orders between April 1 and September 30 in its half year financial results released on November 14 while sales grew by 5% to €3.8bn,…
GENERAL Electric (GE) CEO Mr John Flannery announced on November 13 that the US conglomerate will sell its Transportation business along with its Industrial Solutions and Lighting activities within the…
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