Financial

THE Australian and Victorian governments have provided an update on the construction timeframes for the $A 1.75bn ($US 1.3bn) jointly-funded Regional Rail Revival programme, which will upgrade predominantly passenger rail…
COMPLETION of the planned merger between Siemens’ Mobility division and Alstom could be delayed until from the end of 2018 until some time during the first half of 2019 due…
TWO US rail projects have been recommended for $US 148.2m in grants, plus another four grade-separation schemes totalling $US 66m, out of 26 transport projects recommended by the US Department…
NETHERLANDS Railways (NS) has agreed with French leasing company Akiem to sell and lease back 45 class 186 Traxx MS2 four-voltage locomotives.
THE Polish government has taken control of financially-troubled train builder Pesa with all of the company’s shares being acquired by the Polish Development Fund (PFR).
A new study by Boston Consulting Group* on the performance of European railways suggests states may need to step up investment in their rail networks if they want to sustain…
ACCORDING to a report by SCI Verkehr, the market for railway products and services in Africa and the Middle East is forging ahead, with an average annual growth rate of…
THE planned merger between Siemens Mobility and Alstom has moved a step closer after Siemens has passed two key legal hurdles in France.
THALES has announced the acquisition of Cubris, Denmark, a developer of Driver Advisory Systems (DAS) for main line applications.
CHINA Railways Corporation (CRC) achieved a 53% increase in pre-tax profit to Yuan 60.8bn ($US 9.5bn) in 2017 compared with 2016, while the profit after tax soared by 69% to…
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