Financial Archives - Page 198 of 388 - International Railway Journal

Financial

December 23, 2020 | Commuter Rail

RATP and SNCF challenge tender court ruling

PARIS Transport Authority (RATP) and French National Railways (SNCF) will appeal a decision by the Paris Judicial Court on December 17 to partially suspend a modification to their procurement process for the supply of new trains for Paris RER Line B.

December 23, 2020 | North America

Canadian Pacific completes acquisition of Detroit River Rail Tunnel

CANADIAN Pacific (CP) has purchased the remaining 83.5% share of the 2.6km Detroit River Rail Tunnel, worth approximately $US 312m, from former partner Omers Infrastructure.

December 22, 2020 | Financial

US pandemic relief package includes $US 15bn for transit

THE United States congress has approved a near $US 900bn pandemic relief package, which includes $US 14bn for transit and $US 1bn for Amtrak.

December 19, 2020 | Freight

EC approves German scheme to promote modal shift

THE European Commission (EC) has approved a €200m, five-year German government scheme to promote the shift of road freight transport to rail by offering to subsidise the cost of installing new railway sidings and other related infrastructure.

December 18, 2020 | Financial

Flixmobility refers DB state aid complaint to European Commission

FLIXMOBILITY, the parent company of German open-access long-distance operator Flixtrain and long-distance bus operator Flixbus, has laid a formal complaint with the European Commission (EC) over the billions of euros of state aid provided to German Rail (DB) by the German government.

December 18, 2020 | Central/South America

São Paulo launches tender for concession to operate two commuter lines

SÃO Paulo Metropolitan Trains Company (CPTM), which operates commuter services in the São Paulo Metropolitan Region, has published a tender for a 30-year concession to operate and maintain the 41.6km Line 8-Diamond and the 32.5km Line 9-Emerald.

December 17, 2020 | Africa

TMH and UWC agree African freight wagon market cooperation

TRANSMASHHOLDING (TMH) and United Wagon Company (UWC) have signed a framework agreement to cooperate on the production and supply of narrow-gauge freight wagons for the African market.

December 16, 2020 | Fleet

Berlin awards €571m LRV contract to Bombardier

BERLIN Transport Authority (BVG) has awarded Bombardier Transportation a €571m framework contract for the supply of up to 117 Bombardier Flexity low-floor LRVs, with an initial order for 20 vehicles.

December 16, 2020 | Africa

Ethiopia - Djibouti line reports reduced revenue due to vandalism

ETHIOPIAN Railway Corporation (ERC) has reported that the 752.7km Addis Ababa, Ethiopia - Djibouti, Djibouti cross-border standard-gauge line has suffered increased journey times and reduced revenues, following criminal damage to infrastructure.

December 14, 2020 | Financial

Rail Baltica awarded €214.3m grant agreements

RB Rail, the joint venture which oversees the Rail Baltica project, has been awarded two grant agreements worth €214.3m to support design, planning, construction, and land acquisitions for the project.

« Previous 1 … 196 197 198 199 200 … 388 Next »

Rail market intelligence to unlock your business potential.

Sign up for the IRJ Rail Brief Newsletter