Financial Archives - Page 227 of 388 - International Railway Journal

Financial

June 23, 2020 | News

Van Boxtel resigns as NS CEO, Rintel appointed as successor

THE CEO of Netherlands Railways (NS), Mr Roger van Boxtel, has announced he will resign on September 30.

June 23, 2020 | News

EC proposes economic relief measures to support rail through pandemic

REDUCTIONS in track access charges, easing of mark-up regulations, amendments to reservation charges and safeguards for infrastructure managers are among proposals set out by the European Commission (EC) to ease the financial burden on the rail sector caused by the coronavirus pandemic.

June 18, 2020 | Financial

High Court upholds British government decision to disqualify franchise bids

BRITAIN’S High Court has ruled that a Department for Transport (DfT) decision to disqualify bids for three rail franchises was lawful.

June 16, 2020 | Infrastructure

Pakistan approves $US 7.2bn Mainline-I project

PAKISTAN’s Central Development Working Party (CDWP) has approved the $US 7.2bn Mainline-1 (ML-1) project, forwarding the project to the Executive Committee of National Economic Council (Ecnec) for further approval.

June 15, 2020 | Financial

Siemens CEOs buoyant on rail’s prospects post Covid-19

SIEMENS Mobility reported resilient performance in the second quarter of fiscal 2020 in spite of the coronavirus pandemic, joint CEOs, Ms Sabrina Soussan and Mr Michael Peter, revealed in an online press briefing held on June 15.

June 15, 2020 | Main line

NS secures 15-year concession for core network

THE Dutch government has announced plans to award Netherlands Railways (NS) a 15-year concession to operate ‘core network’ passenger services from the start of the new timetable in December 2024.

June 15, 2020 | Financial

EU to decide on Alstom- Bombardier deal by July 16

EUROPEAN Union antitrust regulators have set a deadline of July 16 for a decision of whether to approve Alstom’s bid for Bombardier Transportation.

June 15, 2020 | Financial

STLC agrees credit line to purchase 25,000 wagons

RUSSIAN state-owned rolling stock leasing company (Rosco) STLC has agreed a credit line worth Roubles 16bn ($US 227.5m) with Otkritie FC Bank, to be used to purchase gondola and hopper wagons.

June 12, 2020 | Financial

Ancala agrees to acquire Hector Rail

INDEPENDENT infrastructure investment manager Ancala, Britain, has agreed to buy Hector Rail from EQT on behalf of its European Infrastructure Fund II. The transaction is expected to be completed in the third quarter of 2020.

June 12, 2020 | News

French cooperative targets Bordeaux - Lyon open-access from 2022

FRENCH cooperative Railcoop says it is targeting the start of an open-access service between Lyon and Bordeaux from summer 2022, reintroducing a direct service abandoned by French National Railways (SNCF) in 2014.

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