Financial Archives - Page 207 of 388 - International Railway Journal

Financial

November 11, 2020 | Fleet

IRJ In-Brief - Fleet: Skoda trains finally authorised in Germany; Perm to purchase 15 LRVs; New EMUs on their way to Israel

Germany: DB Regio will begin operating services in the state of Bavaria using six Škoda double-deck push-pull trains from November 12. Following testing on the Munich - Ingolstadt -Treuchtlingen line that is due to begin on November 16, they will enter service from December 13 on Nuremberg - Munich Express regional services.

November 10, 2020 | Metros

Minsk Metro opens third line 

MINSK Metro has opened the first section of the cross-city Line 3 on November 6, following an inauguration attended by Belarusian president, Mr Alexander Lukashenka, with full operation beginning the next day.

November 10, 2020 | Financial

Adif and Renfe announce major investments for 2021

SPANISH infrastructure managers Adif and Adif High-Speed (Adif AV) have announced plans to invest €4.86bn in the nation’s rail infrastructure in 2021, while Renfe will invest €857m.

November 9, 2020 | Light Rail

CAF awarded two light rail contracts

CAF, Spain, has received two orders for LRVs worth a combined €45m from the Belgium’s Flemish Transport Company (De Lijn) and the Dutch province of Utrecht.

November 9, 2020 | Technology

Hyundai Rotem and KRRI sign hydrogen cooperation agreement

HYUNDAI Rotem, Korea, has signed a memorandum of understanding (MoU) with the Korean Rail Research Institute (KRRI) to cooperate on the research and development of a hydrogen-based propulsion system for rail vehicles.

November 7, 2020 | Infrastructure

IRJ In-Brief - Projects: Bogestra extension opens; Adelaide’s Tonsley Line extension to open in December; bidders come forward for Chennai Line 4.

Germany: The 2.6km €59.3m extension of the Bogestra network between Bochum-Langendreer Markt and Papenholz, Witten, opened on November 1.

November 6, 2020 | Financial

WeBuild completes acquisition of 65% of Astaldi

WEBUILD has completed the acquisition of 65% of international construction firm Astaldi, creating a group with an order backlog of more than €40bn and 70,000 direct and indirect employees in 50 countries.

November 5, 2020 | Financial

Bombardier Transportation reports third-quarter revenues of $US 2.1bn

BOMBARDIER Transportation has reported $US 2.1bn in revenue for the third quarter of 2020, adjusted to exclude the impact of foreign exchange rates due to the impact of the Covid-19 pandemic. The result is a 5% drop compared with the same period in 2019.

November 5, 2020 | Fleet

Lille confirms light rail fleet replacement

LILLE’s metropolitan government (MEL) has confirmed plans to replace the 24 trams used on the city’s two-line light rail network from 2024.

November 5, 2020 | Financial

Dutch government offers €1.5bn compensation to passenger operators

THE European Commission (EC) has approved a Dutch scheme worth around €1.5bn to compensate regional and long-distance public transport operators in the Netherlands for losses caused by the coronavirus pandemic and the subsequent measures introduced to contain the virus.

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