Financial Archives - Page 244 of 388 - International Railway Journal

Financial

October 14, 2019 | Europe

FS sets its sights on new horizons

Despite Italy’s current political turmoil, Italian State Railways (FS) is forging ahead with a massive €58bn five-year investment programme as it aims to transform itself into a global multimodal player. David Briginshaw analyses FS’ plans and considers the potential impact of the strategy at home and abroad.

October 10, 2019 | Financial

EBRD arranges loans for new Istanbul metro line

THE European Bank for Reconstruction and Development (EBRD) has arranged a €97.5m syndicated loan for the construction of a new 13km north-south metro line in the Asian part of Istanbul.

October 9, 2019 | Financial

RZD sells stake in Wagon Repair Company-3

RUSSIAN Railways (RZD) has sold 100% minus one share of its stake in Wagon Repair Company-3 (VRK-3).

October 8, 2019 | Financial

FS reports strong first half profit growth

ITALIAN State Railways (FS) achieved a 7.5% increase in Ebitda to €1.3bn for the first half of this year. Ebit rose by 6.6% to €454m and net profit increased by 4.3% to €362m.

October 7, 2019 | Financial

Norwegian government proposes 4.4% increase to 2020 rail budget

THE Norwegian government has proposed a budget of NKr 26.6bn ($US 2.9bn) for rail in 2020, a 4.5% increase from 2019.

October 7, 2019 | Asia

Thai government sets deadline to sign 220km/h line deal

THE Thai government has set a deadline of October 15 for agro-industrial conglomerate Charoen Pokphand Group (CP) to sign an investment agreement for a new 220km/h railway between three of the country’s most important airports.

October 4, 2019 | Financial

Ukraine Railways opens to private investment, possible IPO

THE government of Ukraine has repealed a law banning the privatisation of a number of state-owned enterprises, allowing Ukraine Railways (UZ) to attract private capital and potentially paving the way for an IPO.

October 4, 2019 | Main line

ÖBB PSO contracts reduced to 10 years

AUSTRIA’s Federal Administrative Court (BvWG) has approved the reduction of a 15-year direct-award contract to operate long-distance, regional and local services in the east of the country, which was awarded to Austrian Federal Railway (ÖBB) last December, to 10 years.

October 3, 2019 | Freight

US shippers sue four Class 1s over fixed fuel surcharges

MORE than two dozen US companies have filed lawsuits in courts across the United States accusing US Class 1 railways BNSF, CSX, Union Pacific and Norfolk Southern (NS), of conspiring to drive up shipping costs through coordinated fuel surcharges.

October 2, 2019 | Financial

Danish parliament receives plans for new line in eastern Jutland

BANEDANMARK has submitted plans to construct a new 23-24km line between Hovedgård and Hasselager on the Horsens - Aarhus main line in eastern Jutland to the Danish parliament, which will now decide whether to proceed with the DKr 3.5bn ($US 510m) project.

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