THE Brazilian National Bank for Economic and Social Development (BNDES) has approved a loan of Reais 2.89bn ($US 760.2m) to Rumo North and Rumo South, subsidiaries of the Cosan Group, for rail and port operations.
GREENBRIER announced on August 8 it has acquired a 68% stake in Turkish freight wagon manufacturer Rayvag, expanding its European operations in an area it says offers a key connection between Asia and Europe.
THE United States Congress is moving towards a one-year ban on the use of federal funding for the purchase rolling stock from Chinese government-owned or subsidised companies, according to Mr Jeff Davis, senior fellow at the Washington-based think-tank Eno Center for Transportation.
THE project director of Hong Kong’s Shatin to Central Link (SCL) has resigned and MTR CEO Mr Lincoln Leong Kwokkuen is to retire early in the wake of recent issues with the construction of the 17km, $HK 97.1bn ($US 12.3bn) project.
KNORR-Bremse announced on August 6 it will sell its British-based businesses, Knorr-Bremse RailServices and Kiepe Electric, to Munich-based holding company, Mutares, with closing expected by autumn 2018.
VOSSLOH announced on August 3 that it had signed a contract with international engineering enterprise Laing O’Rourke for the acquisition of Australian concrete sleeper manufacturer Austrak, with closing expected in the third quarter of 2018 subject to regulatory approval.
SIEMENS’ Mobility division will be transferred into a legally separate company owned by Siemens in anticipation of its merger with Alstom, as part of a Siemens’ company-wide restructuring announced on August 1.
SIEMENS’ Mobility Division recorded an 8% increase in orders to €2.5bn in its third quarter financial results released in Munich on July 2, a 4% increase in revenue to €2.1bn, and a profit of €177m, down 1% compared with the same period last year.
THE European Commission (EC) approved on July 27 a German scheme to support rail companies that invest in energy efficiency technologies which it says will promote the shift of freight traffic from road to rail and contribute to a reduction of CO2 emissions.
TRENITALIA has been awarded concessions to operate passenger services in the Umbria and Valle d'Aosta regions of Italy.
