Financial Archives - Page 208 of 388 - International Railway Journal

Financial

November 4, 2020 | North America

Edmonton advances $C 2.6bn Valley Line West extension

THE Canadian city of Edmonton, Alberta, has announced Marigold Infrastructure Partners (MIP) as the preferred bidder for a contract to design, build and partially finance its $C 2.6bn ($US 1.98bn), 14km Valley Line West light rail extension.

November 4, 2020 | Central/South America

São Paulo announces network modernisation plans

THE Brazilian state of São Paulo announced plans for a Reais 6bn ($US 1.05bn) programme of upgrades to its rail network on October 19, which will include the reopening of two lines with a combined length of 527km.

November 3, 2020 | Financial

Brightline fails to sell bonds for Las Vegas - California line

BRIGHTLINE, United States, has announced that it has suspended the sale of bonds to support its $US 8.4bn Las Vegas - Southern California Brightline West high-speed line following a failure to source buyers.

November 3, 2020 | Financial

Patriot Rail to acquire Utah short line operator

UNITED States short line and regional freight operator Patriot Rail has entered into an agreement to acquire Class 3 short line operator Salt Lake Garfield & Western Railway (SLGW) and its subsidiaries Caballero and Caballero 2, which provide storage and multi-modal services.

November 3, 2020 | Fleet

Bucharest Metro orders new fleet for Line 5

BUCHAREST’s state-owned transport operator Metrorex has awarded a €240m contract for up to 30 six-car Metropolis trains to Alstom for use on the newly constructed metro Line 5.

November 2, 2020 | Financial

Ukrainian Railways’ chairman announces major restructuring, 2021 investment

THE new chairman of Ukrainian Railways (UZ) has announced a major restructuring along with an increase in investment in 2021, as he looks to turn the loss-making company into a profitable business.

November 2, 2020 | Financial

British government and TfL reach £1.8bn lost revenue agreement

THE British government is set to provide Transport for London (TfL) a funding and financing package worth around £1.8bn to make up for lost revenue caused by the coronavirus pandemic. The funding will enable the authority to keep London Underground trains and buses running with another national lockdown set to commence on November 5.

October 31, 2020 | Financial

FlixTrain suspends services for second time in 2020

GERMAN open-access operator FlixTrain has announced the suspension of its services from November 3 until sometime in 2021 due to the coronavirus pandemic. Local reports suggest that services may be suspended until at least February.

October 30, 2020 | Financial

EC investigation alleges Czech Railways engaged in “predatory pricing”

THE European Commission (EC) has informed state-owned Czech Railways (ČD) of its preliminary view that ČD breached European Union (EU) anti-trust rules by engaging in predatory pricing on passenger services operated on the Prague - Ostrava route between 2011 and 2019.

October 30, 2020 | Telecoms

Panama Metro Line 3 rolling stock and systems contract signed

A consortium of Hitachi, Hitachi Rail STS and Mitsubishi has signed an $US 883m contract with HPH Consortium, the prime contractor for the Panama Metro Line 3 monorail project, to supply rolling stock and equip the 25km line.

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