Financial Archives - Page 220 of 388 - International Railway Journal

Financial

August 19, 2020 | Metros

Shenzhen Metro opens two new lines

CHINA’s Shenzhen Metro opened two new lines with a total length of 78km on August 18, bringing the network’s total length to 373km.

August 19, 2020 | Financial

Liberty Steel acquires former French assets of British Steel

BRITISH steel manufacturer Liberty Steel has completed its purchase of French rail manufacturer Hayange, formerly British Steel France Rail (BSFR).

August 18, 2020 | Financial

Amtrak releases plan to restore long-distance services

UNITED States national passenger rail operator Amtrak has released criteria for the restoration of regular long-distance services following an announcement that most daily services would be cut to three times a week from October due to the coronavirus pandemic.

August 18, 2020 | Europe

DB announces €40m station renovation scheme

GERMAN Rail (DB) has announced a €40m scheme to renovate 167 train stations across its network as part of a programme for ‘attractive stations’.

August 17, 2020 | Financial

NS reports significant loss in first half of 2020

NETHERLANDS Railways (NS) says it would have recorded a €1.078bn loss in the first half of 2020 if it wasn’t for government subsides as passenger numbers plummeted during the Covid-19 pandemic.

August 16, 2020 | Australia/NZ

Sydney port rail capacity upgrade gets green light

THE New South Wales state government has given the go ahead for the Port Botany track doubling and Cabramatta Loop projects in Sydney, which will vastly improve rail access to Australia’s second largest container port.

August 15, 2020 | Tenders

Sarajevo awards light rail refurbishment contract

THE government of the Bosnian canton of Sarajevo is pushing ahead with a project to update the city’s tram network, including the €20m rehabilitation of the 8.5km line between Ilidza and Museji.

August 13, 2020 | Freight

€500m German rail freight research scheme receives EC approval

THE European Commission (EC) has approved a €500m German scheme which will support research, development and innovation in rail freight transport.

August 13, 2020 | Infrastructure

Croatian Railways to launch track doubling tender

CROATIAN Railways (HZ) subsidiary HZ Infrastructure has announced that it will launch a construction tender for track doubling on the 44km Hrvatski Leskovac - Karlovac line in September.

August 12, 2020 | Financial

IRJ IN-BRIEF - Financial: KTZ freight up in first seven months; Dellner Bubenzer acquires Romag; SJ announces 2Q operating loss

Kazakhstan: Kazakhstan Railways’ (KTZ) freight subsidiary has reported traansporting 143 million tonnes of freight during the first seven months of this year, and a freight turnover of 131.6 billion tonne-km, 4% higher than the same period last year.

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