SUMITOMO Mitsui Banking Corporation (SMBC) has agreed to purchase Flagship Rail Services, United States, from Perella Weinberg Partners for $US 1.1bn subject to regulatory approval.
THE first Shinkansen train to be developed jointly by East Japan Railway Company (JR East) and West Japan Railway Company (JR West) was unveiled to the press at JR East's Rifu depot near Sendai on November 28.
THE first feasibility studies into the construction of a high-speed line in Indonesia could begin next year after the government reached an agreement with Japan to develop proposals for a 150km link between Jakarta and Bandung.
JR East plans to introduce its Advanced Train Administration and Communications System (Atacs) on the busy Saikyo Line in Tokyo from autumn 2017.
CENTRAL Japan Railway (JR Central) published the Preliminary Environment Assessment on September 18 for the 286km maglev line from Tokyo to Nagoya.
JR Central has confirmed that construction of the inaugural 286km section of its Yen 5.1 trillion ($US 51.97bn) maglev line between Tokyo and Nagoya will commence as early as April next year.
CONSTRUCTION of a new 5.2km metro line to serve the waterfront area of Tokyo's Koto Ward is a step closer after The Koto Ward Office revealed a plan that would make the project eligible for central government subsidies.
SINGAPORE Mass Rapid Transit Corporation (SMRT) has awarded a contract worth more than Yen 8bn ($US 80.5m) to Toshiba, Japan, to re-equip a fleet of 66 six-car metro trains with permanent-magnet synchronous traction motors.
MITSUBISHI Heavy Industries (MHI) has started construction of what it describes as Japan's first comprehensive railway system verification facility.
JAPAN's Mitsubishi Electric Corporation says it has installed the world's first auxiliary power supply system incorporating silicon carbide power modules in a series-production train.