CHINA's minister of railways Mr Sheng Guangzu says Yuan 400bn ($US 63.1bn) will be invested in railway infrastructure construction in 2012, which is 15% less than the Yuan 469bn spent this year, and a 42% reduction compared with the Yuan 700bn invested in 2010. Total fixed asset railway investment will be around Yuan 500bn next year.
HONOLULU Authority for Rapid Transportation (Hart) has awarded the $US 1.33bn core systems contract for the city's first driverless metro line to Ansaldo Honolulu Joint Venture, a consortium of Ansaldo STS and AnsaldoBreda.
MTU Detroit Diesel Australia (MTU) has signed an agreement with CSR Ziyang, China, for exclusive sales and after-sales distributor rights in the Australia-Pacific rail market.
VTG Rail, a subsidiary of VTG, Germany, has acquired SC Leasing, United States, a subsidiary of Sumitomo Corporation of America, and its 2000 freight wagons, doubling VTG Rail's North American customer base.