VTG announced on October 13 that Morgan Stanley Infrastructure has acquired 29% of VTG’s share capital, becoming the company’s largest shareholder.
ASTRA Rail Management and The Greenbrier Companies, United States, announced plans on October 13 to form a new company, Greenbrier-Astra Rail, creating a Europe-based freight wagon manufacturing, engineering, and repair business.
BRAZIL’s National Bank for Economic and Social Development (BNDES) has agreed to lend Reais 3.5bn ($US 1.1bn) to rail and port operator Rumo Logistics in order to fund part of its 2015-2018 investment programme.
THE European Investment Bank (EIB) announced on October 3 that it is lending €50m to the Republic of Moldova to finance the modernisation of its railway infrastructure and rolling stock.
THE Australian Competition and Consumer Commission (ACCC) released a combined statement of issues on October 6 on alternative proposals from Aurizon and Pacific National to acquire Glencore Coal’s Hunter Valley rail business.
THE Norwegian government has allocated NKr 21.9bn ($US 2.72bn) in its 2017 budget to support the continuing development of its railway network and to maintain efforts to clear a maintenance backlog.
WHILE the Chinese passenger rail market remains stable, the country’s freight sector is under pressure due to slowing economic growth, intermodal competition, and a crisis in the steel, iron and coal sectors, according to a report by SCI Verkehr which was released on October 4.
MASSACHUSETTS Bay Transportation Authority (MBTA) is inviting expressions of interest for design and build services for the proposed 7.6km Green Line extension project from Cambridge to Somerville and Medford.
THE European Commission (EC) has approved the planned acquisition of Faiveley Transport by Wabtec, on condition that Faiveley sells one of its subsidiaries.
GERMANY’s federal government, as 100% owner of German Rail (DB), has announced that it is providing the company with a €1bn capital increase whilst also reducing its dividend requirements for 2017-2020.
