Financial Archives - Page 210 of 388 - International Railway Journal

Financial

October 28, 2020 | Financial

CN reports falling revenue, rising demand

CANADIAN National Railway (CN), has reported “sequential improvements” in its third-quarter financial and operating results, despite the continued impact of the Covid-19 pandemic.

October 27, 2020 | Financial

Transnet records strong decrease in profit in 2019-20 financial results

TRANSNET, South Africa, has reported a 34.9% decrease in net profit to Rand 3.9bn ($US 241.7m) for the 2019-20 financial year ended March 31, despite a 1.3% increase in revenue to Rand 75.1bn.

October 27, 2020 | Central/South America

Argentina announces Buenos Aires infrastructure upgrades

THE Argentinean government has announced upgrades to rail infrastructure worth Pesos 4.06bn ($US 51.85m) for the county of La Matanza, Buenos Aires, which will be carried out through its Infrastructure Works Plan framework.

October 27, 2020 | Financial

Czech passenger operators call for waived track access charges

PASSENGER operators in the Czech Republic have asked the government to temporarily waive track access charges, which they say is key to reversing the “fatal” impact of lockdown measures on their businesses.

October 27, 2020 | Locomotives

VTG signs leasing contract with European Loc Pool

VTG Rail Logistics Germany, and rail freight subsidiary Retrack have signed a long-term leasing contract with Swiss rolling stock leaser European Loc Pool (ELP) for up to four Stadler EuroDual six-axle bi-mode locomotives.

October 25, 2020 | Fleet

Portuguese Trains orders 22 Stadler regional trains

PORTUGUESE Trains (CP) has ordered 22 Flirt multiple units from Stadler for use on regional networks, under a contract worth €158m signed on October 21.

October 23, 2020 | Middle East

Iraq signs Letter of Intent with Alstom and Hyundai

A consortium of Alstom and Hyundai has signed a Letter of Intent (LoI) with the Iraqi Ministry of Transport to define a framework to accelerate implementation of the $US 2.5bn Baghdad Elevated Train (BET) project.

October 23, 2020 | High-speed

HS1 Ltd unveils new environmental strategy

HS1 Ltd, which manages and operates Britain’s only high-speed line - between London and the Channel Tunnel, has published a new environmental strategy which outlines plans to reach net zero carbon emissions by 2030, and become Britain’s first carbon neutral railway.

October 23, 2020 | Financial

English light rail operators receive additional support

THE British government has announced a new round of funding, worth up to £67.8m, to support light rail and light metro networks in England following the impact of the coronavirus pandemic, until March 2021.

October 23, 2020 | Australia/NZ

Western Australia awards contract for Perth commuter line

THE State of Western Australia has awarded a contract to construct the $A 700m ($US 497.58m) 21km Morley - Ellenbrook commuter line in Perth to a joint venture of Laing O’Rourke, Australia, and Arup, Britain.

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