Financial Archives - Page 240 of 388 - International Railway Journal

Financial

January 16, 2020 | Financial

Beijing-Shanghai high-speed railway IPO raises $US 4.5bn

BEIJING-Shanghai High-Speed Railway Company made a strong debut on the Shanghai Stock Exchange on January 16 selling 6.29 billion shares for Yuan 30.7bn ($US 4.46bn) making it one of China’s largest IPOs in the last four years.

January 16, 2020 | Financial

Ultimate Europe takes majority stake in suppliers

ULTIMATE Europe has taken a majority stake in its supplier partners in Turkey and Romania, in an effort to expand its production chain.

January 15, 2020 | Financial

Germany approves €86bn rail infrastructure programme

THE German federal government and German Rail (DB) have agreed the new €86bn LuFV III rail infrastructure programme for 2020-2029, which represents a 54% increase over the previous LuFV II plan.

January 13, 2020 | Fleet

EIB backs Naples fleet replacement

THE European Investment Bank (EIB) will provide €68m to Volturno Autonomous Body (EAV) to support the purchase of 40 new EMUs to operate on the 950mm-gauge Circumvesuviana network around Naples.

January 10, 2020 | Financial

Los Angeles considers private funding for metro expansion

LOS Angeles’ Metropolitan Transportation Authority (Metro) is considering various financing options, including public-private partnerships (PPP), in an effort to close major funding gaps as the city looks to expand its metro network ahead of the 2028 Olympic Games.

January 9, 2020 | Financial

Arriva Rail North franchise agreement set to be terminated

ARRIVA is set to be stripped of its current contract to operate Britain’s Northern franchise under plans announced to parliament by secretary of state for transport, Mr Grant Shapps, on January 9.

January 7, 2020 | Financial

South Western Railway on the brink after reporting £137m loss

BRITISH franchisee South Western Railway (SWR), a joint venture of First Group (70%) and MTR (30%), is on the brink of collapse after it reported a loss of £137m in its financial results up to March 31 2019.

January 7, 2020 | Financial

ORR reduces increase in British high-speed access charges

BRITAIN’s Office of Rail and Road (ORR) has cut the proposed increase in track access charges requested by HS1 by 32% or £12.3m per year.

January 3, 2020 | Financial

Progress Rail sells maintenance equipment leasing business

PROGRESS Rail has sold its Progress Rail Equipment Leasing (PRELC) subsidiary to affiliates of Paceline Equity Partners, a Dallas-based private equity manager.

January 3, 2020 | Financial

EIB to fund Berlin regional train fleet

THE European Investment Bank (EIB) will lend €185m to Deutsche Anlagen-Leasing (DAL) for trains it will lease to East German Railway (ODEG) to operate on the Elbe-Spree network.

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