Financial Archives - Page 226 of 388 - International Railway Journal

Financial

July 2, 2020 | Financial

Pan Am Railways up for sale

THE Pan Am Class 2 railway in the United States has been put up for sale, with BMO Financial Group appointed to handle a transaction on behalf of principal owner, Mr Tim Mellon, and other investors.

July 2, 2020 | High-speed

Virgin Trains plans extension of LA - Las Vegas high-speed line

XPRESSWEST, the subsidiary of Virgin Trains USA planning a high-speed line from California to Las Vegas, has begun early talks to extend the western terminus from Victorville to Rancho Cucamonga, where the line could connect directly to the Los Angeles metro network.

July 2, 2020 | Policy

CER proposes new EU eco-taxes

THE Community of European Railways and Infrastructure Companies (CER) has published new proposals for transport taxes based on ‘user-pays’ and ‘polluter-pays’ principles, which the association hopes will encourage greater use of sustainable transport modes.

July 1, 2020 | North America

US FTA approves $US 767m funding for New Jersey bridge

The US Federal Transit Authority (FTA) has approved $US 767m in funding for New Jersey Transit’s (NJT) long-planned Portal North Bridge replacement project.

July 1, 2020 | Financial

IRJ IN-BRIEF – Financial: Baden-Württemberg funds non-DB infrastructure; Unipart Rail closes York site; Estonian Railways agrees €95m EIB loan

Germany: Baden-Württemberg’s Transport Ministry has announced a €13m fund for infrastructure maintenance and development during 2020 for 615km of lines not owned by German Rail (DB).

June 30, 2020 | Financial

Voestalpine expands international capacity with acquisitions

VOESTALPINE Railway Systems has expanded its international production capacities with the purchase of a turnout manufacturer in France and new shareholdings in China and Argentina.

June 29, 2020 | Europe

NS could cut 2300 jobs

NETHERLANDS Railways (NS) confirmed on June 29 that it could cut up to 2300 jobs, or around 11.5% of its current workforce, due to the impact of the coronavirus crisis.

June 25, 2020 | Metros

MTA puts capital programme on hold as $US 10.3bn deficit looms

NEW York’s Metropolitan Transportation Authority (MTA) has placed its $US 54.8bn 2020-2024 Five-Year Capital Programme on hold as it looks to plug a $US 10.3bn hole in its finances over the next two years.

June 24, 2020 | Financial

Czech Railways and Leo Express end merger discussions

CZECH open-access operator Leo Express has confirmed that discussions for a takeover by Czech Railways (ČD) have come to an end but says it is still in talks with other potential partners.

June 24, 2020 | Financial

MAV-Start withdraws battery-electric train tender

HUNGARY’s national passenger operator, MAV-Start, has withdrawn its call for tender for a framework contract to supply up to 50 battery-electric trains.

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