Financial Archives - Page 217 of 388 - International Railway Journal

Financial

September 15, 2020 | Financial

SBB records SFr 479m loss as passenger numbers drop

SWISS Federal Railways (SBB) has announced a loss of SFr 479m ($US 528.5m) for the first half of 2020, down from a profit of SFr 279m over the same period last year, as the effects of Covid-19 saw passenger numbers drop by a third over the period.

September 15, 2020 | Financial

Katie Farmer named CEO of BNSF

NORTH American Class 1 BNSF has appointed executive vice-president (EVP) - operations, Ms Katie Farmer, to succeed Mr Carl Ice as president and CEO, the first time a woman has been named in charge of a North American Class 1 railway.

September 14, 2020 | North America

California High-Speed Rail Authority approves alignment for Central Wye Valley section

THE California High-Speed Rail Authority (CHSRA) has confirmed its choice of alignment for the 80.5km Central Valley Wye section of the Merced - Fresno high-speed line, following the unanimous approval of an environmental impact report for the section by the authority’s board.

September 14, 2020 | Infrastructure

Malaysian government announces East Coast Rail Link realignment

THE Malaysian government has announced plans to realign its Ringgit 44bn ($US 10.57bn) East Coast Rail Link (ECRL) project, reverting to the project’s original route with minor adjustments south of Kuala Lumpur.

September 11, 2020 | Financial

Divača - Koper track doubling project awarded Cohesion Fund grant

THE European Commission (EC) has awarded an €80m grant through the European Union’s (EU) Cohesion Fund for the construction of a tunnel and two viaducts, as part of a project to track double the line between Divača, in western Slovenia, and the Port of Koper on the northern Adriatic Sea.

September 11, 2020 | Europe

Trafikverket launches tender to operate night trains in Sweden and Denmark

SWEDISH transport authority Trafikverket has published a tender in the Official Journal of the European Union for a contract to operate international overnight trains from Malmö and Stockholm to the Denmark-Germany border.

September 11, 2020 | Financial

French government and Île-de-France Mobility agree Covid-19 subsidy

THE French state and Île-de-France Mobility, which oversees public transport services in the Paris region, have agreed a €1.4bn subsidy repayable over 16 years to cover passenger revenue losses incurred as a result of the Covid-19 crisis.

September 10, 2020 | Financial

BLS CEO resigns after federal audit exposes accounting flaws

BLS has announced the departure of CEO Mr Bernard Guillelmon, following the results of an audit by the Swiss Federal Audit Office (SFAO) released on September 3, which identified flaws in the company’s accounting processes.

September 10, 2020 | Financial

Grand Central cancels planned London - Blackpool service

BRITISH open-access operator Grand Central has announced that it will not launch its planned London Euston - Blackpool North service due to the economic uncertainty and changed travel habits caused by the Covid-19 pandemic.

September 9, 2020 | Metros

Lisbon awards metro extension contract

LISBON City Council has announced the winner of a €73.5m contract for Lot 2 of the Lisbon Metro Yellow and Green Line extension project, following a decision on September 3.

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