POLAND’s largest rail freight operator PKP Cargo slipped back into the red in the first-half of 2016 as a combination of “difficult” market conditions, and challenges facing Czech subsidiary AWT put the company under financial pressure.
ANGEL Trains announced on September 30 that it has concluded a contract with the Commonwealth Bank of Australia to finance a £900m order for Bombardier EMUs, which are being procured as part of Abellio’s successful bid for Britain’s East Anglia franchise.
CANADA’s export credit agency, Export Development Canada (EDC), has agreed to provide Angola with a $US 429.5m loan to finance the purchase of 100 locomotives from General Electric (GE), according to an authorisation granted by presidential order.
BALFOUR Beatty has purchased Omnicom Engineering, a British company specialising in on-board video and laser surveying, inspection and monitoring systems, for an undisclosed sum.
BRITAIN’s Department for Transport (DfT) announced on September 29 that Arriva Cross Country has secured a three-year direct award contract to continue operating the Cross Country franchise from October 2016 until October 2019.
ITALIAN State Railways (FS) plans to invest €94bn to modernise the railway and to double its turnover during the next 10 years according to its 2017-2026 strategic business plan which was unveiled in Rome on September 28.
MITSUBISHI Electric announced on September 28 that it has been awarded a contract by CRRC Qingdao Sifang to supply electrical equipment for 93 eight-car trains being built by the Chinese supplier for MTR Corporation, Hong Kong.
KNORR-BREMSE announced on September 28 that it plans to buy out its partner in its ICER Rail joint venture to expand its presence in the train braking friction materials market.
IRJ at InnoTrans 2016: Germany’s new open-access operator Locomore presented one of its refurbished locomotive-hauled passenger coaches as it prepares to introduce its first service linking Stuttgart and Berlin on December 14.
IRJ at InnoTrans 2016: Voestalpine demonstrated for the first time its interactive life-cycle cost tool for rails which will enable infrastructure managers to choose the ideal rail for their particular application.
