Financial

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%…
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.
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