China has built the world's largest high-speed rail network in less than a decade and construction costs for high-speed lines are now as much as a third lower than in other countries. Gerald Ollivier, Jitendra Sondhri and Nanyan Zhou from the World Bank's Beijing office explain how China continues to develop a world-class system with world-beating unit costs.
SCOTLAND's transport minister Mr Keith Brown announced on October 8 that Transport Scotland has selected Netherlands Railways (NS) international passenger subsidiary Abellio to operate the ScotRail franchise, ousting First Group, which has held the contract since 2004.
NEW York Metropolitan Transportation Authority's (MTA) proposed $US 32bn five-year capital investment programme, which identifies capital needs for MTA's railway, metro and bus networks from 2015-2019, has been vetoed by a five-member New York State Capital Program Review Board.
HAMBURG-based wagon leasing company VTG announced on September 29 that it has agreed to acquire Switzerland's Ahaus Alstätter Eisenbahn Holding (AAE) in a takeover that will increase VTG's European lease fleet from 50,000 to 80,000 vehicles.
THE steering committee of Italian open-access high-speed operator NTV voted on September 24 to restructure its debts, with shareholders expected to contribute capital, while the company has also decided to withdraw Italo services to the Adriatic Coast from the start of the 2015 timetable on December 15.