Financial Archives - Page 215 of 388 - International Railway Journal

Financial

September 30, 2020 | Financial

MTR revenue falls, Ebitda rises for first half of year

HONG Kong rail operator MTR has reported an overall fall in revenue for its business operations of 23%, to $HK 21.59bn ($US 2.79bn) for the first half of the year, compared with $HK 28.27bn for the same period in 2019.

September 29, 2020 | Financial

Go-Ahead records small profit in 2019-20 annual results

BRITISH operator Go-Ahead recorded a small profit from its rail operations in the 2019-20 financial year ended June 27, despite the impacts of Covid-19 in the later months of the period.

September 28, 2020 | Freight

Private freight operators run protest train through Berlin

GERMANY’s private freight operators have launched a protest against the lack of government support following the Covid-19 pandemic, which they say is favouring German Rail (DB) subsidiary DB Cargo. The operators are also calling for more action from the German government to increase the modal shift of freight from road to rail.

September 28, 2020 | Financial

German operators risk insolvency due to pandemic

REPORTS in the German media and recently released financial results show that several private German rail operators are in severe financial difficulty.

September 26, 2020 | Policy

Kenyan parliamentary committee recommends renegotiation of SGR costs

A report by the Kenyan Parliament’s Transport Committee has recommended a programme of reforms to reduce losses on the 729km Mombasa - Nairobi - Naivasha Standard Gauge Railway (SGR).

September 25, 2020 | Policy

DB agrees Covid-19 collective agreement with union

GERMAN Rail (DB) has announced a new collective agreement with the Railway and Transport Union (EVG) which it says will help mitigate the company’s losses due to the coronavirus pandemic.

September 25, 2020 | Financial

AllRail calls for balanced state support as Covid-19 hits private operators

THE Alliance of Passenger Rail New Entrants (AllRail) has called for zero track access fees, backdated to March and running until the end of 2021, along with government subsidies to cover losses for all passenger rail operators and ticket vendors for 18 months, beginning in October.

September 24, 2020 | Financial

European Investment Bank provides €2bn loan for Naples - Bari high-speed line

THE European Investment Bank (EIB) has approved €2.5bn of new funding for European transport projects. This includes a €2bn loan to support the construction of the 146.6km Naples - Bari high-speed line in southern Italy, the largest loan the EIB has ever granted for a single project.

September 24, 2020 | Policy

Finnish government plans relaunch of Kajaani night train

THE Finnish government has begun negotiations with state operator VR to restart overnight services between Helsinki and Kajaani, Kainuu.

September 24, 2020 | Financial

Funding approved for $US 1.96bn Nigeria - Niger line

THE Nigerian Federal Executive Council has approved $US 1.96bn in funding for the construction of the 284km cross-border Kano - Katsina - Jibia - Maradi line, which includes a 93km branch from Kano to Dutse.

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