Financial Archives - Page 222 of 388 - International Railway Journal

Financial

August 5, 2020 | Financial

RATP Ebit drops 77% in first half of 2020

PARIS Transport Authority (RATP) has reported modest earnings for the first half of 2020 but warns that the financial outlook in the second half of the year remains uncertain.

August 4, 2020 | Main line

China approves $US 68bn inter-city plan for Pearl River Delta

CHINA’s National Development and Reform Commission (NRDC) has approved a Yuan 474.1bn ($US 67.91bn) plan to develop inter-city railway connections in the Guangdong-Hong Kong-Macau Greater Bay area of southern China.

August 3, 2020 | Financial

British rail operators reclassified as part of public sector

BRITAIN’s Office for National Statistics (ONS) has concluded that Train Operating Companies (TOCs) which entered into emergency measures agreements (EMAs) with the British and Scottish governments on April 1 as a result of the coronavirus pandemic should be reclassified as public non-financial corporations.

August 3, 2020 | Financial

Nevada approves final bonds for Las Vegas HS project

THE Nevada State Board of Finance has approved up to $US 200m in state bonds for Virgin Trains USA’s privately-funded $US 4.8bn high-speed line between Las Vegas and Southern California.

July 31, 2020 | Financial

Vossloh reports rise in first half earnings despite pandemic

VOSSLOH has announced an increase in earnings for the first half of this year, despite the negative impact of the coronavirus pandemic.

July 31, 2020 | Financial

EC approves Alstom’s Bombardier Transportation acquisition

THE European Commission (EC) has approved Alstom’s bid to take over rival Bombardier Transportation, a move which will create the second largest manufacturer in the rail sector behind CRRC.

July 31, 2020 | North America

Austin city council approves light rail finance plan

AUSTIN city council and Capital Metro have unanimously approved a new $US 7bn financial plan for the construction of the Texan capital’s Project Connect transport system, following a joint meeting on July 27.

July 31, 2020 | Financial

DB predicts record €3.5bn operating loss for 2020

GERMAN Rail (DB) says it could end the year with a record operating loss of €3.5bn with sales dropping to €38.5bn, although it notes “all forecasts are still subject to high levels of uncertainty.”

July 30, 2020 | Financial

Strikes and pandemic plunge SNCF into €2.4bn first half net loss

FRENCH National Railways (SNCF) reports a 2020 first-half net loss of €2.4bn, compared with a 2019 first-half net profit of €20m, due to strikes and the coronavirus pandemic.

July 30, 2020 | Financial

CN to invest $US 520m in US rail infrastructure

CANADIAN National Railway (CN) has announced a $US 520m programme of ‘strategic investments’ in eight US states for the upgrading and maintenance of infrastructure over the remainder of this year.

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