Financial Archives - Page 234 of 388 - International Railway Journal

Financial

April 3, 2020 | Infrastructure

Jica provides $US 374.5m loan for Myanmar upgrade

THE Japan International Cooperation Agency (Jica) has signed a Yen 40.6bn ($US 374.5m) loan agreement with the government of Myanmar for the Yangon - Mandalay Railway Improvement Project Phase I (III).

April 3, 2020 | Financial

Leo Express business at risk due to coronavirus crisis

CZECH private operator Leo Express is facing a difficult future after a dramatic fall in revenue due to service cutbacks introduced in response to the coronavirus pandemic, board member and former CEO Mr Peter Köhler has revealed to IRJ.

April 2, 2020 | Freight

Swiss Combi’s purchase of 35% stake in SBB Cargo gets green light

SWITZERLAND’s Competition Commission (Weko) has approved Swiss Combi’s acquisition of a 35% stake in Swiss Federal Railways (SBB) subsidiary SBB Cargo. The deal was first agreed on August 30 2019.

April 2, 2020 | Europe

Network Rail to speed up supplier payments

BRITISH infrastructure manager Network Rail is set to make immediate payments to suppliers to help boost their cashflow during the coronavirus crisis.

April 1, 2020 | Financial

FS maintains medium-term plans despite coronavirus

ITALIAN State Railways (FS) says it is continuing to pursue its medium-term goals, despite the impact of coronavirus.

April 1, 2020 | Central/South America

Argentine passenger concessions renewed

THE Argentinean government has extended two passenger rail concessions serving the Greater Buenos Aires area for 18 months.

April 1, 2020 | Policy

New Zealand brings rail in from the cold

New Zealand’s government is preparing a new strategy that will be a step change in how the network is funded and how investment is allocated. David Burroughs looks at what this means for the industry.

March 30, 2020 | News

Southeastern and Great Western franchisees secure direct award contract extensions

BRITAIN’s Department for Transport (DfT) has issued direct award contracts to Govia, a joint venture of Go Ahead (65%) and Keolis (35%), to continue to operate the Southeastern franchise, and FirstGroup to continue to operate the Great Western Railway franchise from April 1.

March 27, 2020 | Financial

Rail benefits from $US 2 trillion US coronavirus stimulus package

THE US Senate unanimously passed its $US 2 trillion coronavirus stimulus package, which includes specific funding for passenger rail and public transport, on March 26.

March 26, 2020 | Financial

DB passenger numbers up but profit down in 2019

GERMAN Rail (DB) carried 151 million long-distance passengers on its inter-city and ICE services in 2019, up 1.9% from 2018, the first time the company has carried more than 150 million passengers and the fifth consecutive year of growth.

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