News Archives - Page 626 of 1851 - International Railway Journal

News

May 26, 2020 | Financial

Netherlands Railways expects €4.7bn loss from Covid-19

NETHERLANDS Railways (NS) board of directors say it expects the railway to report a loss of about €4.7bn over the next five years, including €1bn in 2020, as a result of the coronavirus pandemic as the railway embarks on a five-year €1.4bn cost cutting exercise.

May 26, 2020 | Infrastructure

Siemens to electrify Stockholm metro extensions

STOCKHOLM Region has awarded Siemens a €21m contract to electrify extensions to the Blue and Yellow lines of the Stockholm metro.

May 22, 2020 | Infrastructure

Bane Nor to develop AI-based track inspection system

NORWEGIAN infrastructure manager Bane Nor and the Norwegian Computing Centre have together received NKr 4m ($US 421,447) from the Research Council of Norway to conduct a trial using artificial intelligence (AI) to undertake infrastructure inspections.

May 22, 2020 | News

Stadler CEO leaves company following disagreement with board

STADLER group CEO Dr Thomas Ahlburg has left the rolling stock manufacturer by mutual consent following what the company describes as “different views” with the board of directors regarding the Swiss supplier’s strategic and organisational development.

May 22, 2020 | Locomotives

Beacon Rail orders 15 Clayton Equipment hybrid locomotives

BEACON Rail Leasing has ordered 15 Hybrid+ CBD90 shunting locomotives from Clayton Equipment, Britain, along with a three-year servicing option.

May 22, 2020 | Financial

KTZ addresses financial woes due to Covid-19 and currency fluctuations

KAZAKHSTAN Railways (KTZ) is taking steps to cope with no passenger revenue since April 1 due to Covid-19 and a steep fall in the exchange rate.

May 21, 2020 | High-speed

Italy starts to reinstate high-speed services

BOTH Trenitalia and Italo-NTV have started to reinstate high-speed train services which were reduced to a skeleton service due to Covid-19 travel restrictions in Italy.

May 21, 2020 | Financial

Czech government increases rail investment budget to $US 1.9bn

THE Czech Republic government has increased the investment budget for infrastructure manager SZ by Koruna 3.5bn to Koruna 46.9bn ($US 1.9bn) for 2020.

May 21, 2020 | Fleet

Wellington receives $NZ 5m to start procurement of new trains

GREATER Wellington and Horizons Regional Councils have received $NZ 5m ($US 3m) from Waka Kotahi NZ Transport Agency to produce a detailed business case and start the procurement of new regional trains.

May 20, 2020 | Infrastructure

Mexico awards Mayan Train section three contract

MEXICO’s National Tourism Development Fund (Fonatur) has awarded a Mexican-Spanish consortium a contract to build section three of the Mayan Train project.

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