THE funding arrangements have been announced for the PPP deal for Siemens to supply 1140 emu cars for Britain's Thameslink project.

NOKIA and Siemens have confirmed that Nokia will acquire Siemens' 50% share of their joint venture company, Nokia Siemens Networks (NSN), for €1.7bn.

BRITAIN's Department of Transport has finalised the £1.6bn contract with a consortium of Siemens and Cross London Trains for 1140 emu cars for the cross-London Thameslink network. The complex deal has taken two years to conclude.

SAUDI Railways Organisation (SRO) and Indra, Spain, have chosen Kapsch CarrierCom to install GSM-R on the 450km Haramain high-speed line under construction between Mecca, Jeddah, and Medina.

BRITAIN's Department for Transport (DfT) confirmed on June 14 that it has reached financial close with the Siemens/Cross London Trains consortium on a £1.6bn contract to finance, supply and maintain the train fleet for London's Thameslink commuter network.

VIENNESE public transport operator Wiener Linien is considering whether to launch a new tender for LRVs instead of exercising an option for 150 additional Ultra Low-Floor (ULF) vehicles from Siemens.

LOCOMOTIVE leasing company Mitsui Rail Capital Europe (MRCE) has ordered 15 Vectron four-axle ac electric locomotives from Siemens which are intended for use on cross-border operations between Germany, Austria and Hungary.

A ceremony was held in Yekaterinburg on May 25 to mark the start of production on the Russian build of 1200 "Lastochka" or Swallow emu cars for Russian Railways (RZD). Siemens and Sinara are building the trains under a €2 bn contract won in 2011.

SIEMENS rolled out the first completed ACS-64 Cities Sprinter multi-system electric locomotive for Amtrak at its Sacramento plant in California on May 13.

SIEMENS reported its financial results for the first half of the 2013 financial year on 2 May, which show second quarter group revenues fell 7% year-on-year to €18bn with profits of €1.37bn.