Financial Archives - Page 216 of 388 - International Railway Journal

Financial

September 22, 2020 | Freight

Rail freight industry leaders sign digital coupling MoU

MEMBERS of the European campaign group Rail Freight Forward (RFF), as well as seven industry associations, have signed a Memorandum of Understanding (MoU) expressing their support for the implementation of Digital Automatic Coupling (DAC) on all European freight trains by 2030.

September 18, 2020 | Financial

JR East’s capital investment down in 2020

EAST Japan Railway (JR East) has announced it will invest Yen 711bn ($US 6.8bn) in infrastructure in 2020, down Yen 30bn from 2019 due to a drop in revenue caused by the Covid-19 pandemic.

September 18, 2020 | Policy

European Parliament approves track access relief for operators

THE European Parliament has adopted a regulation to provide relief to rail operators hit by falling volumes and revenue during the coronavirus pandemic by allowing Member States to waive and relax track access and reservation charges as well as easing mark-up regulations applied for using European railway networks.

September 17, 2020 | Metros

Makati Subway awards construction contract

MAKATI Subway, a subsidiary of Philippine Infradev Holdings, has awarded a $US 1.21bn contract to China Construction Second Engineering Bureau for the construction of an 8km metro line in the city of Makati, southeast of Manila.

September 17, 2020 | Financial

Australian rail spending dips

THE value of rail infrastructure contracts awarded in 2020 have shown a marked decline in absolute terms and as a proportion of the total infrastructure spend, according to figures produced by Infrastructure Partnerships Australia (IPA).

September 17, 2020 | Technology

Scottish hydrogen train developers issue tender to convert class 314 EMU

SCOTLAND’s University of St Andrews issued a tender on September 10 for the conversion of a three-car class 314 EMU to hydrogen propulsion as part of its Zero Emission Train Project.

September 16, 2020 | Financial

Alstom expects to acquire Bombardier Transportation for less than envisaged

ALSTOM has signed a sale and purchase agreement with Bombardier and Caisse de dépot et placement du Québec (CDPQ) for the acquisition of Bombardier Transportation for between €5.5bn and €5.9bn, and now says this could drop to €5.3bn.

September 16, 2020 | Financial

Czech Railways reports first-half losses

CZECH Railways (ČD) has reported a loss of Korunas 1.98bn ($US 87.9m) for the first six months of the year, compared with the same period in 2019.

September 16, 2020 | Metros

Bart’s Transbay Project gets $US 1.2bn boost

THE United States Federal Transit Administration (FTA) has issued a $US 1.2bn grant for Bay Area Rapid Transit’s (Bart) Transbay Corridor Core Capacity Programme between Oakland and central San Francisco, the largest grant ever awarded to Bart.

September 16, 2020 | Main line

ÖBB and SBB announce 2024 Nightjet strategy

SWISS Federal Railways (SBB) and Austrian Federal Railways (ÖBB) have announced a joint strategy to expand the number of Nightjet international overnight services operated through their partnership from six to 10, following a Letter of Intent signed by the two companies.

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