Financial Archives - Page 238 of 388 - International Railway Journal

Financial

February 10, 2020 | Financial

West Midlands Trains instructed to invest £20m to improve performance

THE British government has instructed West Midlands Trains to invest an additional £20m to improve services for passengers following poor performance in the second half of 2019.

February 10, 2020 | Financial

DSB prepares to sell spare parts supply division

DANISH State Railways (DSB) has announced plans to restructure the operator’s rolling stock spare part supply division ahead of a market investigation exercise with a view to selling the business to a private party.

February 7, 2020 | Financial

Strong growth for Leo Express in 2019

PRAGUE-based open-access operator Leo Express carried more than 2.4 million passengers in 2019, up 33% from 1.8 million in 2018, with turnover increasing 25% to more than Koruna 1bn ($US 43.7m), up from Koruna 800m in 2018.

February 5, 2020 | Metros

Panama metro Line 3 contract finally awarded

PANAMA’s General Directorate of Public Procurement has confirmed that the HPH Joint Venture Consortium of Hyundai Engineering & Construction and Posco E&C will be awarded a $US 2.057bn contract for the design, construction and financing of metro Line 3.

February 4, 2020 | Financial

Stadler reports record orders in 2019

STADLER reported a record order intake of SFr 5bn ($US 5.1bn) and a record order backlog in 2019. The company’s service division vastly exceeded expectations, reporting SFr 800m of sales.

February 3, 2020 | Financial

India announces $US 22.4bn 2020-21 rail budget

INDIA’s finance minister, Ms Nirmala Sitharaman, announced an outlay of Rs 1610bn ($US 22.4bn) for Indian Railways (IR) for the 2020-21 financial year on February 1, including a gross budgetary support of Rs 700bn. This is up slightly from the Rs 1600bn provided for 2019-20.

January 31, 2020 | Financial

European Investment Bank lends €600m for Pune metro

THE European Investment Bank (EIB) has signed a €600m loan agreement with Maharashtra Metro Rail Corporation (Maha Metro), including a first tranche of €200m, to finance two new metro lines currently under construction in the city, as well as 30 stations and 102 metro cars.

January 31, 2020 | Financial

CN and CP revenues up in 2019, NS down

CANADIAN Class 1 freight railways Canadian National (CN) and Canadian Pacific (CP) both reported increases in revenue in their 2019 full year results while United States Class 1 Norfolk Southern (NS) reported a 1% decline compared with 2018 as it experienced a 5% drop in volumes.

January 30, 2020 | Financial

DB confirms record €12.2bn rail infrastructure investment in 2020

GERMAN Rail (DB) is set to invest €12.2bn in railway infrastructure in 2020, a €1.5bn increase compared with 2019, as the new 10-year LuFV III government funding agreement takes hold.

January 29, 2020 | Financial

Britain’s Northern franchise to enter public ownership

BRITAIN’s secretary of state for transport, Mr Grant Shapps, has confirmed that the Northern passenger franchise will enter public ownership on March 1, transferring control from Arriva Rail North and ending weeks of speculation over the troubled operation.

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