Financial Archives - Page 201 of 388 - International Railway Journal

Financial

December 4, 2020 | Europe

Changes at the top of Czech Railways

CZECH Railways’ (ČD) supervisory board has replaced CEO, Mr Václav Nebeský, with chairman of the board of directors at ČD Cargo, Mr Ivan Bednárik, with immediate effect in a number of top-level managerial changes at the railway.

December 4, 2020 | Financial

Trenitalia’s Netinera takeover approved

THE European Commission (EC) approved Trenitalia’s acquisition of the remaining 49% of Netinera that it did not already own on November 25, following a provisional notice issued on November 11.

December 4, 2020 | Financial

IRJ In-Brief – Financial: VIA Rail reports Q3 revenue drop; Warsaw Metro secures loan for new trains; Kazakhstan plans new freight terminal

Canada: VIA Rail has reported an 86% drop in ticket revenues to $C 15.5m ($US 12m) in its third quarter report.

December 4, 2020 | Financial

Farandou predicts €3bn loss for SNCF in 2020

FRENCH National Railways (SNCF) president and CEO, Mr Jean-Pierre Farandou, has informed the French senate of a likely €3bn loss for SNCF in 2020 following a drastic fall in passenger traffic due to limits on travel imposed by the government in order to stem the spread of Covid-19.

December 4, 2020 | Financial

Network Rail enhancements budget reduced by £1bn

THE British government has confirmed it has reduced infrastructure manager Network Rail’s (NR) enhancements budget for Control Period 6 (CP6), which runs from April 2019 to March 2024, from £10.4bn to £9.4bn.

December 3, 2020 | Policy

European rail alliance launches four-year skills project

AN alliance of rail industry organisations has officially launched a four-year programme to develop a long-term strategy to address skill shortages in the sector.

December 3, 2020 | Light Rail

Moscow Metro to take over city’s light rail network

MOSCOW’s deputy mayor for transport, Mr Maxim Liksutov, announced on November 27 that management of the city’s 168km light rail network will transfer from Mosgortrans to Moscow Metro.

December 2, 2020 | Technology

Battery system for French regional hybrid trains clears initial tests

ALSTOM announced the successful completion of tests of a prototype battery system for use in regional diesel-electric hybrid Regiolis trains on December 1.

December 2, 2020 | Track

San Diego’s MTS awards light rail track maintenance contract

SAN Diego Metropolitan Transit System (MTS) has awarded a five-year track maintenance contract to Advanced Rail Management (ARM) for the San Diego Trolley (SDTI) light rail network.

December 2, 2020 | Main line

DB and Sweg granted contract extensions in southeast Germany

THE state of Baden-Württemberg has granted extensions to six regional concessions operated by DB Regio and Southwest German Transport (Sweg).

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