Financial Archives - Page 250 of 388 - International Railway Journal

Financial

June 19, 2019 | Financial

CFL in profit for fifth successive year despite freight losses

LUXEMBOURG Railways (CFL) has reported a net profit of €10m for 2018, the same result as 2017 and the railway’s fifth consecutive profitable annual result.

June 18, 2019 | Financial

S&T purchases Kapsch subsidiaries

S&T has entered into an agreement with Kapsch-Group Investment, Austria, to purchase 100% of the shares of Kapsch CarrierCom, including its subsidiaries and its operative business area Kapsch PublicTransportCom.

June 18, 2019 | Financial

RegioJet issues €36m in bonds as growth continues

REGIOJET announced on June 18 that it has completed a €36m bond issue on the Prague Stock Exchange, which will help to fund the development of the open-access operator’s train fleet.

May 31, 2019 | Middle East

Israel Railways reports first quarter profit

ISRAEL Railways (IR) turned an operating loss of Shekels 207m ($US 57m) in the first quarter of 2018 into an operating profit of Shekels 3.5m for the first quarter of 2019.

May 31, 2019 | Financial

FirstGroup records £290.9m loss in 2018

FIRSTGROUP, Britain, has reported a loss of £290.9m for the year ending March 31, after recording a profit of £116.1m for the previous year.

May 30, 2019 | Financial

Guinea bauxite project and associated rail improvements receive $US 460m loan

WORLD Group Bank members International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA) have announced a $US 460m debt and guarantee package to support the Guinea Alumina Corporation’s (GAC) bauxite project, which includes the development of rail and port infrastructure in Guinea.

May 30, 2019 | Financial

New Zealand rail sector receives $NZ 1bn funding boost

NEW Zealand national operator KiwiRail has received a major funding boost in the latest national budget announced by the Labour-led government on May 30.

May 29, 2019 | Fleet

Irish Rail seeks up to 600 electric and battery-electric vehicles

IRISH Rail (IE) has published a notice in the Official Journal of the European Union and eTenders seeking expressions of interest for a contract to supply up to 600 electric and battery-electric vehicles over 10 years for use as multiple units on commuter services.

May 24, 2019 | Infrastructure

Asian Development Bank finances Indian electrification programme

THE Asian Development Bank (ADB) has signed an agreement to provide Rs 10.7bn ($US 750m) in long-term financing to Indian Railway Finance Corporation (IRFC) to fund the Railways Track Electrification Project, the largest single non-sovereign loan ever committed by ADB.

May 23, 2019 | Financial

CAF purchases Swedish train maintenance company EuroMaint

CAF has reached an agreement for the acquisition of 100% of Swedish fleet maintenance company EuroMaint, which the Spanish manufacturer says will strengthen its provision of services and establishes a presence in the Nordic market.

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