Financial Archives - International Railway Journal

Financial

March 23, 2023 | Main line

Bavaria and Tyrol tender Werdenfelds 2028+ operating contract

The 12-year contract covers the operation of 4.3 million train-km a year.

March 22, 2023 | Infrastructure

Tunnelling work begins on Telese - Vitulano section of Naples - Bari HSL

Work involves track doubling, line and station upgrades, and four new stations.

March 20, 2023 | Financial

Canada’s announces package to help the rail sector weather climate change

Funding for 20 projects to counter fire and flood risks, permafrost deterioration and landslides.

March 16, 2023 | Metros

Services begin on Kuala Lumpur’s MRT Putrajaya Line Phase 2

Extension brings complete line length to 57.7km, built at a cost of $US 6.78bn.

March 16, 2023 | Financial

Covid lockdowns add $NZ 1bn to cost of Auckland’s City Rail Link

The project has also been delayed until November 2025.

March 15, 2023 | News

North American Class 1 CPKC merger approved

The merger of Canadian Pacific and Kansas City Southern, the sixth and seventh largest Class 1s by revenue, was first proposed on March 21 2021.

March 15, 2023 | Financial

Palermo - Catania upgrade in Sicily boosted with €3.4bn funding package

The funding includes a new counter-guarantee instrument which has generated €1.3bn for the project.

March 14, 2023 | Commuter Rail

Irish cabinet reaches agreement for Dart+ South West project

Dublin’s electrified high-frequency commuter network will be extended to stations in Kildare.

March 14, 2023 | Metros

Profit down 91% at MTR in 2022

Fifth wave of Covid-19 pandemic hits Hong Kong operator.

March 13, 2023 | Financial

Rail projects in line to receive United States federal funding

FTA has announced $US 4.45bn for transport projects in FY 2024 Budget Request to Congress.

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