Financial Archives - Page 224 of 388 - International Railway Journal

Financial

July 17, 2020 | Financial

Finland receives €58.3m EU investment for Ten-T improvements

Finland has received €58.3m of funding from the European Union (EU), for use on five rail projects.

July 16, 2020 | Financial

Alstom’s sales down 27% but orders increase in first quarter results

ALSTOM recorded a 27% drop in sales in the first quarter of the 2020-21 financial year from April 1 to June 30 due to the effects of the coronavirus pandemic.

July 15, 2020 | Fleet

India’s 160km/h EMU procurement plan falters

INDIAN Railways’ (IR) Rs 15bn ($US 208m) tender for the manufacture and supply of propulsion systems for 44 16-car 160km/h trains is in trouble after major international players including Alstom, Bombardier and Siemens stayed away from the bidding process.

July 14, 2020 | Freight

Argentinean Freight Trains reports 27% increase in traffic volumes

ARGENTINEAN Freight Trains (TAC) has reported a 27% increase in rail freight volumes carried during the first six months of this year, compared with the same period in 2019.

July 14, 2020 | Financial

SNCB expects €290m loss in 2020 as operator requests direct award PSO

BELGIAN National Railways (SNCB) has announced it expects to record a loss of €290m in 2020, instead of the expected profit of €108m, with performance not expected to recover to pre-pandemic levels in the near future.

July 13, 2020 | Financial

MRT Jakarta seeks funding for network expansion

MRT Jakarta will apply for an additional Rupiah 10 trillion ($US 698m) loan from the Japanese International Cooperation Agency (Jica) for the development of Phase 2 of its metro network.

July 11, 2020 | High-speed

India-Japan logjam over Mumbai-Ahmedabad high-speed

A continuing stalemate between the Indian and Japanese governments over the revised cost of the Mumbai - Ahmedabad high-speed line is threatening to derail the ambitious project and push the 2023 projected completion date back by at least a few years.

July 10, 2020 | High-speed

Eurostar to reduce staff costs following falling passenger numbers

EUROSTAR says it is considering introducing reduced and part-time working hours to avoid redundancies as part of cost cutting measures initiated in response to Covid-19.

July 9, 2020 | Financial

Coronavirus hurts MTR’s performance in first half

MTR is expecting to report a loss of $HK 400m ($US 51.6m) for the first six months of 2020 due to the significant impact of the Covid-19 pandemic and the general deterioration of the economic environment. The loss compares with a profit of $HK 5.5bn in the same period in 2019.

July 9, 2020 | Financial

Lithuanian Railways rebrands and refocuses

LITHUANIAN Railways (LG) has revealed a new brand to mark its 101st birthday, reflecting both the internal structural changes made over the past few years and the future goals of the company, including expanding its international freight services.

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