All Railway Gazette International articles in June 2004 – Page 4
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News
Alstom rescue package agreed
EUROPEAN Competition Commissioner Mario Monti confirmed on May 17 that he had ’the basis of an agreement’ with French Finance Minister Nicolas Sarkozy on the refinancing and restructuring of Alstom, and that ’this should be finalised by the end of the week’.Alstom’s existing government guarantees backing €3·8bn of emergency bank ...
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News
Transfer accord
CHINA National Machinery Import & Export Corp has proposed a technology transfer and US$50m credit agreement to supply Sri Lanka Railways with stainless steel passenger carriages.The Chinese company would initially supply completed vehicles under the proposals, which were put to Minister for Transport, Highways & Aviation Tilak Marapana in April. ...
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News
Lyon - Torino financing accord
CONSTRUCTION of the planned Lyon - Torino high speed line and its 52 km Alpine base tunnel moved a step closer on May 5, when France and Italy signed a memorandum of understanding on financing the €12·5bn project.The event was held to coincide with a visit to Paris by Italian ...
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News
Academy opens
THE Yorkshire Rail Academy was opened on May 5. A £1·25m joint venture of the National Railway Musem and York College, it is funded by Yorkshire Forward and the Learning &Skills Council North Yorkshire.The Academy incorporates York College’s Centre of Vocational Excellence for rail and signal engineering. Principal Mike Galloway ...
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News
‘Don’t abandon your trams!’
INTRO: When Dresden hosted UITP’s seventh light rail conference on April 21-23, the underlying objective was to prevent cities in Central and Eastern Europe from making the same mistakes as their Western counterparts ’GOOD TRANSPORT is vital for attracting industry and investment’, insisted Dr Martin Gillo in his welcome to ...
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News
rail4chem targets UK
OPEN-ACCESS freight train operator rail4chem announced on May 3 that it was planning to launch services between Germany and the UK from the beginning of 2005. The company is currently in discussion with prospective customers, and proposes to run a block train between Nürnberg and Dollands Moor in 26h. Last ...
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News
Property deal will fund Tehran Line 4
A US$836m contract for construction of Tehran Metro Line 4 was signed on May 15 by the Managing Director of Tehran Urban & Suburban Railway Co, Mohsen Hashemi, and the Managing Director of China North Industries Corp, in the presence of the city's Mayor Mahmoud Ahmadinejad. Norinco was selected ...
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