Financial Archives - Page 221 of 388 - International Railway Journal

Financial

August 11, 2020 | Financial

Hitachi announces purchase of Perpetuum

HITACHI, Japan, has announced plans to purchase British technology firm Perpetuum as part of plans to advance its digital maintenance capabilities. The deal is expected to be completed later this year, following approval by anti-trust authorities.

August 11, 2020 | Financial

Adif AV awarded €1.18m grant for regenerative braking project

SPAIN’s high-speed network infrastructure manager Adif AV has been awarded a grant of €1.18m from the country’s Institute for the Diversification and Saving of Energy (IDAE) to offset the cost of six reversible traction substations, which are facilitating regenerative braking on Spain's conventional rail network.

August 11, 2020 | High-speed

HS2 invites bidders for £500m power supply contract

HS2 Ltd, which is developing the high-speed link between London, Birmingham and Crewe, has launched the tendering process for contractors to supply the high-voltage power systems in a contract potentially worth £523m.

August 10, 2020 | Financial

Alstom to consider weak Bombardier Transportation results in takeover talks

ALSTOM says it will “take into account the consequences” of the operating and financial developments at Bombardier Transportation in forthcoming takeover discussions after the company reported an adjusted Ebit loss of $US 383m in the second quarter of 2020.

August 10, 2020 | North America

Brightline drops Virgin and returns to old name

FLORIDA-based private operator Brightline, which has operated as Virgin Trains USA since 2019, has announced that it will revert to its former name and end its partnership with Virgin Enterprises, following a termination notice delivered on July 29.

August 10, 2020 | Policy

German Covid-19 support scheme approved by European Commission

A €6bn scheme to support Germany’s local and regional public transport operators in the wake of the coronavirus pandemic has been approved by the European Commission (EC).

August 10, 2020 | Financial

Asian Development Bank releases ‘bounce-back’ report

A report by the Asian Development Bank (ADB) recommends that public transport operators adopt new hygiene measures and green technology to rebuild passenger confidence and encourage a return to services.

August 9, 2020 | Asia

Prasarana and SMRT agree JV for Johor Bahru - Singapore link

SMRT, Singapore, and Malaysian public transport operator Prasarana have signed a joint venture agreement to form RTS Operations, which will operate the cross-border Johor Bahru - Singapore light metro system when it opens at the end of 2026.

August 7, 2020 | Asia

Pakistan approves $US 6.8bn Peshawar - Lahore - Karachi line upgrade

PAKISTAN’s Executive Committee of the National Economic Council (ECNEC), the country’s top economic body, has approved a $US 6.8bn project to upgrade 2655km of railway infrastructure on the Peshawar - Lahore - Karachi corridor and establish a dry port at Havelian.

August 5, 2020 | Freight

Adif reports losses for first half of 2020

SPANISH infrastructure manager Adif has reported a net loss of €325.2m for the first six months of 2020, more than doubling its previous loss of €134.05m for the same period in 2019 due to the coronavirus pandemic.

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