Financial Archives - Page 219 of 388 - International Railway Journal

Financial

September 1, 2020 | Financial

DfT extends Great Western Railway emergency agreement to 2021

BRITAIN’s Department for Transport (DfT) has exercised its option to extend the Emergency Measures Agreement for the Great Western Railway (GWR) franchise until June 26 2021.

September 1, 2020 | Main line

SNCB launches free rail pass and reports first half loss

BELGIAN National Railways (SNCB) has announced the details of a scheme that will allow all Belgian residents to travel by train free of charge up to 12 times between October 5 and March 31 2021.

August 28, 2020 | Financial

DSB reports DKr 607m first-half loss due to Covid-19 pandemic

DANISH State Railways (DSB) has reported a pre-tax loss of DKr -607m ($US 96.4m) for the first half of 2020, compared with a profit of DKr 1m for the same period in 2019.

August 27, 2020 | Financial

FTA announces funding for four US rail projects

THE United States Federal Transit Administration (FTA) has announced $US 400m in federal funding for four transport projects in the states of New Jersey, Missouri, Arizona and Indiana as part of its Capital Investment Grant (CIG) programme.

August 26, 2020 | Financial

Israel Railways reports net loss for first half of year

ISRAEL Railways (IR) has reported a net loss for the first half of 2020 with a negative Ebitda of Shekels 16.1m ($US 4.74m). This compares with a net profit of Shekels 10.3m for the same period in 2019.

August 25, 2020 | Australia/NZ

Port of Melbourne Port - Dandenong rail connection approved

AUSTRALIA’s federal government and the state government of Victoria have announced plans for a $A 28m ($US 20.1m) direct freight line between the Port of Melbourne and Dandenong South.

August 21, 2020 | Metros

Crossrail opening delayed until first half of 2022 as costs increase again

CROSSRAIL Ltd has announced that the 21km central underground section of the new Elizabeth Line in central London between Paddington, Stratford and Abbey Wood will not be ready to open until the first half of 2022 and could cost an additional £450m to complete, a further blow to the project which was originally scheduled to open in December 2018.

August 21, 2020 | Infrastructure

Lowest bidder for Massachusetts South Coast Rail confirmed

MASSACHUSETTS Bay Transportation Authority (MBTA) has announced the lowest bidder for a $US 403m contract for work on the Middleborough Secondary & New Bedford Main Line (MS/NBML) section of its South Coast Rail project, following the launch of tendering on June 25.

August 20, 2020 | Australia/NZ

Funding approved for Gold Coast light rail extension business case

THE government of the Australian state of Queensland and Gold Coast city council will equally co-fund a $A 7m ($US 5m) business case for a 13km extension to the Gold Coast Light Rail line (G:link).

August 20, 2020 | Infrastructure

Network Rail awards £18.6m station contract

BRITAIN’s infrastructure manager Network Rail has awarded an £18.6m contract to London-based infrastructure firm J Murphy for the construction of a new station on the Ipswich - Ely line in Soham, Cambridgeshire.

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