IN a surprise announcement by Bombardier, Mr Laurent Troger has been appointed president of Bombardier Transportation with immediate effect succeeding Dr Lutz Bertling, who is stepping down to pursue other career opportunities.
THE board of Norfolk Southern (NS) has unanimously rejected Canadian Pacific's unsolicited bid to acquire the company as "grossly inadequate" and "creating substantial regulatory risks that are unlikely to be overcome."
VOSSLOH says it is on course to achieve sales growth of between 5 and 10% next year, excluding sales from its Spanish rail vehicles division which is being sold to Stadler Rail.
AUSTRIAN Federal Railways (ÖBB) has signed a contract with the European Investment Bank (EIB) worth €1.8bn to finance projects included in its plans to modernise the Southern Route between Vienna and Graz by 2026.
THE Thai cabinet approved on December 1 a Baht 1.8 trillion ($US 50.3bn) investment plan comprising 20 transport projects drawn up by the Ministry of Transport and designed to kick-start the country's economy.
JAPAN International Cooperation Agency (Jica) has granted a $US 2bn loan to fund the Philippines government's portion of the Manila North-South Commuter Rail project.
BRAZIL's National Bank for Economic and Social Development (BNDES) has approved Reais 587.8m ($US 151.3m) in financing for VLI Logistics for the railfreight operator to invest in new locomotives and wagons manufactured in Brazil.
ALSTOM announced on November 26 that it has signed an agreement to purchase a 51% share in Commuter Transport and Locomotive Engineering (CTLE) from South African companies Commuter Transport Engineering (CTE) and Industrial Development Corporation (IDC), which will remain shareholders.
A review of Network Rail's (NR) £38bn 2014-2019 investment programme conducted by its chairman Sir Peter Hendy has found it to be "unrealistic and undeliverable," with the result that extra funding is needed to complete some projects while others will be delayed.
CANADIAN pension fund Caisse de Dépôt et Placement du Québec (CDPQ) announced on November 19 that it has entered into a definitive agreement with Bombardier to acquire a 30% stake in Bombardier Transportation for $C 1.5bn ($US 1.1bn) in a deal which values the company at $C 5bn.
