THE Danish government has announced plans to use North Sea oil revenues to finance a €3.7bn investment in the country's railway infrastructure over the next decade, which will reduce journey times between Denmark's five largest cities.
DEVELOPING rail as a transport mode to protect the social, economic, and environmental fabric of European society is at the heart of Challenge 2050, a collaborative document issued by the industry's leading representatives bodies and associations on February 26.
THE European Union (EU) will allocate Lats 400m ($US 752m) towards a programme to electrify Latvia's railway network, according to a statement issued by the Latvian Ministry of Transport. The Ministry says that the work is scheduled to begin by the end of this year and will last up to 2020.
HUNGARIAN State Railways (MÁV) is to merge its passenger, traction, and rolling stock maintenance subsidiaries into a single business unit from April 1 as part of a restructuring which will also see the creation of an independent infrastructure manager.