GERMAN Rail (DB) today confirmed it will sell the German subsidiary of Arriva to a consortium of Italian State Railways (FS) and Cube Infrastructure Fund, France, for an undisclosed sum.

IRJ at 7th UIC High Speed Congress, Beijing: China will next year attempt to break the world rail speed record currently held by France, according to a report in the China Daily.

 

IRJ at 7th UIC High Speed Congress, Beijing: Korea is planning to make a significant investment in its rail network over the next ten years according to Mr Huh Joon-Young, CEO of Korail, who told delegates that the Korean government expects to spend $US 88 billion on the network by 2020.

IRJ at 7th UIC High Speed Congress, Beijing: JR East completed the latest phase of the Tohoku Shinkansen on December 4 with the opening of the 82km section from Hachinohe to Shin-Aomori.

A CHINESE passenger train operating during a test run on the new Beijing - Shanghai high-speed line has recorded a Chinese speed record of 486km/h, according to state media reports.

RUSSIAN Railways (RZD) will purchase 1250 locomotives between 2011 and 2013 at a cost of over Roubles 112 billion ($US 3.6 billion).

RUSSIAN Railways (RZD) and the Russian government are heading towards a showdown over the amount of funding the state owned railway will receive for its investment programme in 2012.

THE shareholders of ICF Intercontainer-Interfrigo, based in Basle, Switzerland, have decided to liquidate the company, but the various business units will continue to operate intermodal trains until buyers have been found. ICF managing director Mr Bart Van der Cruysse has resigned from his post but will continue to be involved in ICF for the time being.

PLANS to modernise Kazakhstan's railway network have received a boost following the announcement that the European Bank for Reconstruction Development (EBRD) will provide a $US 200 million loan to Kaztemirtrans (KTT), a freight subsidiary of Kazakhstan Railways (KTZ).

NORTHEAST France could soon get a direct rail connection to Paris Charles de Gaulle Airport (CDG) after the board of infrastructure manager French Rail Networks (RFF) voted to begin studies into the project.