WITH Alstom's board set to meet on Monday at the latest to reach a decision on the takeover of its power division, both General Electric (GE) and Siemens-Mitsubishi Heavy Industries (MHI) have improved their offers in an attempt to address concerns and get their respective deals over the line.
SIEMENS and Mitsubishi Heavy Industries (MHI) have issued a bid to rival General Electric's offer for the power division of Alstom which would enable the French firm to retain some of its energy assets as well as its transport portfolio.
THE latest survey by SCI Verkehr, Germany, of the world's 50 largest rolling stock manufacturers shows a new line up of the top 10 companies, with CAF, Hyundai-Rotem and Kawasaki being ousted by Stadler, Trinity Industries and Uralvagonzavod.
DR Lutz Bertling, president and COO of Bombardier Transportation, was elected chairman of the European Rail Industry Association (Unife) at its 23rd general assembly held in London on June 12.
SPAIN's infrastructure manager, Adif, has awarded a €339m contract to a consortium led by Alstom and including Bombardier and Indra to install ETCS Level 2 signalling on two high-speed lines under construction in northwest Spain.
ALSTOM handed over the first of eight additional ETR 610 Pendolino EMUs to Swiss Federal Railways (SBB) at its Savigliano plant in northern Italy on June 3.
Budapest celebrated the opening of its fourth metro line on March 28, a piece of infrastructure that finally became reality after 42 years of delays and disappointment. IRJ's Hungarian correspondent Ferenc Joó looks at the project and the prospects for future metro expansion in the city.
BRITISH infrastructure manager Network Rail (NR) has awarded contracts for the first phase of its new national traffic management system (TMS), a key element of its operating strategy, which will see control of the network consolidated from more than 800 signalboxes to just 12 Regional Operating Centres (ROCs) over the next 15-20 years.
SPEAKING at the 2014 Electrical Products Group conference in Florida on May 21, Mr Jeff Immelt, chairman and CEO of GE, said the acquisition of Alstom's power division is "a deal which we expect to close." He said GE is targeting closure in 2015.
A consortium of Alstom, Isolux Corsan and Algerian construction company Cosider has been selected as preferred bidder for a contract to build the second phase of the light rail network in Algeria's third-largest city Constantine.
