Financial Archives - Page 204 of 388 - International Railway Journal

Financial

November 26, 2020 | High-speed

Eurostar pleads for government support as Covid-19 threatens its future

EUROSTAR is calling on the British government to extend a financial support scheme for airports to the international high-speed operator, which has suffered from a 95% drop in demand due to the coronavirus pandemic.

November 26, 2020 | Technology

German mainline ATO research to identify safety parameters

THE German Centre for Rail Traffic Safety (DZSF) has begun two research projects which aim to improve the definition of safety parameters for ATO-operated mainline trains.

November 26, 2020 | Infrastructure

San Francisco Central Subway delayed until mid-2022

SAN Francisco’s 2.7km Central Subway light rail project, originally scheduled to be completed in 2018, now may not be ready until mid-2022.

November 25, 2020 | Africa

Kenyan court quashes mandatory use of SGR for freight

KENYA’s High Court has dealt Kenya Railways Corporation’s (KRC) rail freight business a major blow after quashing an earlier government directive requiring the transport of all imported containers on the 578.8km standard gauge railway (SGR) between Mombasa and Nairobi.

November 25, 2020 | Fleet

Cologne orders new Citadis LRVs

COLOGNE Public Transport Authority (KVB), Germany, has awarded a €363m contract to a 60:40 consortium of Alstom and Knorr-Bremse subsidiary Kiepe Electric for an initial order for 64 low-floor Citadis LRVs.

November 25, 2020 | Fleet

Perm and Izhevsk order new LRVs

RUSSIAN light rail manufacturer PK Transport Systems has secured contracts to supply 31 Lion LRVs to the cities of Perm and Izhevsk.

November 24, 2020 | Europe

New start for passenger trains in northern Sweden

NORWEGIAN operator Vy has announced that it will restart regular passenger services on Sweden’s 165km Haparanda Line from April 1, after 29 years.

November 24, 2020 | Financial

Amtrak reports $US 800m loss in 2020

AMTRAK reported an operating loss of $US 801.1m in preliminary results for fiscal year 2020, which ran from October 2019 to September 2020. Operating revenues were $US 2.3bn, a decrease of 31.9% year-on-year. The passenger railway also reported advancing $US 1.9bn in infrastructure and fleet work.

November 24, 2020 | Europe

Snälltåget opens ticket sales for Stockholm - Berlin overnight service

SWEDISH private operator Snälltåget has opened ticket sales for its new Stockholm - Malmö - Copenhagen - Hamburg - Berlin cross-border night train service, ahead of its launch next year.

November 24, 2020 | Financial

NSW commits record sum to transport infrastructure in 20-21

THE New South Wales state government has allocated a record $A 14bn ($US 10.18bn) in the 2020-21 state budget to support transport infrastructure projects.

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