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Financial
November 28, 2024
|
Financial
Public transport suffers in Berlin government cuts
Berlin’s budget for public transport in 2025 has been cut by €660m.
November 28, 2024
|
Central/South America
Argentina completes action plan to tackle railway emergency
Plan contains 226 work packages to upgrade infrastructure and 50 DMUs will be acquired.
November 27, 2024
|
Financial
Renfe acquires stake in Italian operator Arenaways
Spain’s national rail operator, Renfe, is entering the Italian rail market.
November 26, 2024
|
Main line
Mexican president confirms passenger rail revival
Funding approved to introduce long-distance passenger services and expand rail freight in Mexico.
November 21, 2024
|
Freight
Aurizon and Pacific National cancel steel services
Unpaid debts force termination of freight services to Australian steel producer.
November 21, 2024
|
Commuter Rail
GTS Rail is new operator of London’s Elizabeth Line
Joint venture of Go-Ahead, Tokyo Metro and Sumitomo is preferred bidder for seven-year contract starting in May 2025.
November 20, 2024
|
Financial
Egypt secures loan funding for Cairo rail projects
The funding will be used to renew existing lines and for new-build projects.
November 19, 2024
|
Policy
Future EU rail funding not assured
Funding of rail projects could be reduced in future because of pressure on EU budgets, an official has revealed.
November 18, 2024
|
Fleet
Wabtec acquires two rolling stock component specialists
The two companies bought by Wabtec manufacture relays and components for pantographs.
November 18, 2024
|
Metros
EIB signs MoU with Azerbaijan to help upgrade Baku metro
The deal should pave the way for an upgrade and expansion of Baku’s Soviet-era metro.
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