THE credibility of KiwiRail's $NZ 4.5bn ($US 3.6bn) plan to turn the state-owned railway into a profitable business has taken a major hit after the New Zealand government minister for state-owned enterprises, Mr Tony Ryall cast doubt on KiwiRail's ability to generate the necessary revenue.
BRITAIN's Department for Transport (DfT) has awarded First Group the contract to operate the flagship InterCity West Coast franchise for 13 years and four months from December 9, ousting the Virgin/Stagecoach joint venture which has run the franchise since 1997.
SWISS Federal Railways (SBB) has placed a €200m order with Alstom for an additional eight ETR 610 Pendolino tilting emus. The order is an option from a contract for seven trains signed in March 2004 by Alstom and Cisalpino, the now defunct joint venture between Trenitalia and SBB.
ROMANIA's Ministry of Transport has appointed a consortium of PwC, David & Baias and George Butunoiu to recruit directors general and non-executive directors for 10 state-owned transport companies, four of which are in the rail sector.