Financial Archives - Page 230 of 388 - International Railway Journal

Financial

May 26, 2020 | Financial

Netherlands Railways expects €4.7bn loss from Covid-19

NETHERLANDS Railways (NS) board of directors say it expects the railway to report a loss of about €4.7bn over the next five years, including €1bn in 2020, as a result of the coronavirus pandemic as the railway embarks on a five-year €1.4bn cost cutting exercise.

May 22, 2020 | Financial

KTZ addresses financial woes due to Covid-19 and currency fluctuations

KAZAKHSTAN Railways (KTZ) is taking steps to cope with no passenger revenue since April 1 due to Covid-19 and a steep fall in the exchange rate.

May 21, 2020 | Financial

Czech government increases rail investment budget to $US 1.9bn

THE Czech Republic government has increased the investment budget for infrastructure manager SZ by Koruna 3.5bn to Koruna 46.9bn ($US 1.9bn) for 2020.

May 18, 2020 | High-speed

Parliamentary committee issues scathing report on management of HS2

THE British parliament’s Public Accounts Committee (PAC) published a scathing report on the HS2 high-speed rail project on May 17 accusing the Department for Transport (DfT) of withholding information regarding the project’s cost and schedule.

May 15, 2020 | Financial

Bane Nor gets extra NKr 826m for projects in revised budget

THE Norwegian government has allocated an additional NKr 826m ($US 75m), of which NKr 548m is new funding, to infrastructure manager Bane Nor to support ongoing rail projects in the revised state budget announced on May 12.

May 15, 2020 | Financial

British government agrees £1.6bn funding package for Transport for London

BRITAIN’s Department for Transport (DfT) has agreed to a £1.6bn support package for Transport for London (TfL) to maintain rail and bus services and plug a yawning funding gap.

May 14, 2020 | Financial

German government considers massive aid package for DB

THE German federal government is considering a huge bailout for German Rail (DB) which has been haemorrhaging money due to the coronavirus pandemic.

May 14, 2020 | Financial

New Zealand allocates $NZ 1.2bn for rail development

THE New Zealand government has allocated in $NZ 1.2bn ($US 718m) to rail in its 2020 budget, which was released on May 14, as it looks to ease the effects of the deep recession brought on by the coronavirus pandemic.

May 13, 2020 | Financial

UITP projects €40bn hit for European public transport in 2020

THE International Association of Public Transport (UITP) says initial data on the possible impact of the Covid-19 pandemic on public transport in Europe shows that operators are set to suffer a €40bn shortfall in farebox revenue by the end of 2020.

May 13, 2020 | North America

OneRail asks US Congress for more Covid-19 support

THE US OneRail Coalition has written to Congress urging additional coronavirus emergency support for passenger operators and protection for rail workers.

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