NEW York-based investment fund Global Infrastructure Partners III (GIP) has launched a bid to acquire Italian open-access high-speed operator Italo-NTV, just weeks before its planned initial public offering (IPO) on the Milan stock exchange.
LORAM Maintenance of Way and Georgetown Rail Equipment Company (Grex) have completed a definitive merger agreement whereby Loram will acquire all outstanding shares of Grex.
INDIA’s finance minister Mr Arun Jaitley has announced a budget of Rs 1.48 trillion ($US 23.3bn) for Indian Railways (IR) for 2018-19, which is the highest in IR’s history and 13% more than the Rs 1.31 billion set for 2017-18.
NORFOLK Southern announced on January 24 that it will implement a capital programme of $1.845bn in 2018, continuing what the railway describes as a balanced deployment of capital.
ITALY’s open-access high-speed rail operator, Italo-NTV, has applied to list its shares on the Italian Equities Market (MTA) of the Italian Stock Exchange.
THE Viamobilidade consortium, led by CCR Group, won an auction on January 19 for the 20-year concession for São Paulo metro Line 5-Lilac and monorail Line 17-Gold.
ITALY’s open-access high-speed operator Italo-NTV achieved a 24.8% jump in operating revenue in 2017 to €454.9m compared with €364.4m in 2016 partly due to a 15.3% in traffic from 11.1 million passengers in 2016 to 12.8 million last year.
KNORR-Bremse announced on January 18 that its Knorr Bremse Nordic Rail Services subsidiary has signed an agreement to sell rolling stock maintenance and refurbishment specialist Swedtrac to Stadler Service Sweden.
ALSTOM reported sales of €5.5bn in the first nine months of the 2017-2018 financial year, including €1.8bn in the third quarter, an increase of 6% year-on-year.
BRITISH construction and facilities management company Carillion went into compulsory liquidation on January 15 following the failure of emergency talks with lenders and the government to avert the group’s collapse.
