Latest news – Page 1194
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NewsTransContainer IPO
RUSSIA: Trading in shares in Russian Railways’ intermodal subsidiary TransContainer began in London and Moscow on November 12, following an initial public offering which raised US$400m through the sale of 35% minus 2 shares. Allowing for debt this implied an enterprise value of US$1·32bn. ‘We are very pleased that the ...
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NewsAirport link opens
JAPAN: Private railway operator Keikyu and Tokyo Monorail opened stations serving the new international terminal at Tokyo’s Haneda airport on October 21. Both rail operators provide connections to city centre stations in around 13 min. The terminal has been built for the return of international flights to Haneda, 32 years ...
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PR restarts tourist operations
PAKISTAN: Having been instructed by Prime Minister Syed Yousuf Raza Gilani that it needs to become 'more commercial' and profitable ahead of its planned restructuring and possible privatisation, Pakistan Railways has decided to relaunch tourist services. The Ghandhara Heritage Steam Safari was officially inaugurated at Rawalpindi in October by ...
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NewsSan Francisco and Toronto consider Sumitomo DMUs
NORTH AMERICA: Metrolinx is considering the purchase of up to 18 two-car Sumitomo DMUs for the proposed link from Toronto city centre to Pearson International Airport. The 3·3 km branch from Go Transit’s Georgetown line to the airport is due to open in time for the Pan Am Games to ...
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NewsUrbos 3 concept on display in Málaga
SPAIN: The first impression of the Urbos 3 vehicle which will work the light metro network in Málaga when it opens in November next year was revealed on November 18 when a mock-up was unveiled at María Zambrano station. The event was attended by María Gámez, official representative of Andalucía’s ...
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NewsChinese trains to expand KL Komuter fleet
MALAYSIA: Siemens Mobility announced on November 26 that it is to supply traction equipment for a build of 38 six-car EMUs being supplied by CSR Zhouzhou Electric Locomotive Co Ltd to expand the capacity of KTMB’s Komuter suburban rail network around Kuala Lumpur. The 4bn yuan train order had been ...
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Klaus Pederson - DSB
Klaus Pederson has been named Chief Financial Officer of Danish passenger operator DSB, succeeding Bartal Kass, who is moving to head the new company which will merge the maintenance activities of DSB and DSB S-tog from January 1. DSB has also named Jakob Hoyer as its new Communications ...
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NewsModernised locomotives handed over to Green Cargo
SWEDEN: The first two of 42 Class Rc electric locomotives being refurbished by Bombardier Transportation's Västerås plant were handed back to Green Cargo on November 22. Driver training is set to begin by the start of December, with the modernised locomotives initially deployed on Göteborgs - Nässjö container trains. Green ...
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NewsShanghai metro Line 13 signalling awarded
CHINA: Alstom and its joint venture partner Casco have signed a €22·5m contract with Shanghai Shentong Group to supply signalling for phase I of Shanghai metro Line 13.Phase I will be 16·4 km long, running from Huajiang Road in the west via the city centre to West Nanjing Road, with ...
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NewsBig decisions still awaited as government confirms commuter electrification
UK: The go-ahead for two previously-announced commuter electrification projects was confirmed by Secretary of State for Transport Philip Hammond in a statement on November 25, along with full completion of the Thameslink Programme. However an decision about electrification from London to Bristol and south Wales has been deferred ...
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NewsKøbenhavn Cityringen contractors selected
DENMARK: At a board meeting on November 24 København metro authority Metroselskabet selected the Salini-led Copenhagen Metro Team consortium as preferred bidder to build the infrastructure and Ansaldo STS to supply rolling stock and railway equipment for the city’s DKr21·3bn Cityringen driverless metro project. Ansaldo STS says it ‘has proposed ...
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News10-year contract will trigger PKP Intercity Pendolino order
POLAND: The Ministry of Infrastructure signed a 10-year contract for PKP Intercity to provide long distance train services on November 24. This will see the government pay an initial subsidy of 240m z?oty in 2011, rising by inflation +1% each year. The long-term operating agreement will enable PKP Intercity to ...
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NewsEURAXLES project aims to prevent axle failures
EUROPE: A three-year research project which aims to reduce the risk of broken passenger and freight axles 'to such a minimum level that it will no longer be considered as a significant threat to the safe operation of the European interoperable railway system' was launched in Brussels on November 23. ...
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NewsRZD and VR seek to increase Helsinki - Moscow market share
EUROPE: Russian Railways and Finnish operator VR signed a memorandum of intent on November 23 under which they will increase their co-operation in the provision of Helsinki - Moscow container trains. Their aim is to attract additional freight flows to rail by developing a competitive product through increased technical and ...
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NewsTGV tickets to Figueres on sale
EUROPE: SNCF and RENFE began selling tickets for Paris – Figueres TGV services on November 23, ahead of the launch of through trains on December 19. Two return trips from Paris-Lyon will operate daily over the new Perpignan – Figueres high speed line, with a journey time of 5 h ...
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NewsQR National valued at A$6·7bn after part-privatisation
AUSTRALIA: Trading in QR National shares began on November 22, following the Queensland state government's flotation of the country's largest rail freight operator. The state said it was the second-biggest IPO in Australian history, with a market capitalisation of A$6·22bn and an enterprise value of A$6·70bn. The state raised gross ...
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Ice moves up at BNSF
Carl Ice has been named President & Chief Operating Officer at BNSF Railway with effect from November 1, taking up a newly created post alongside Chairman & Chief Executive Officer Matt Rose. Pointing out that ‘our alignment and teamwork have been a hallmark of BNSF's success’, Rose said the splitting ...
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NewsRemarul 16 Februarie licenses Bombardier AGC design
ROMANIA: Rolling stock manufacturer Remarul 16 Februarie has signed a licensing agreement enabling it to produce Bombardier Transportation Autorail Grande Capacité multiple-units for customers in Romania, Bulgaria, Greece, Croatia, Serbia and Montenegro. Bombardier has received orders to supply more than 600 diesel, electric and electro-diesel AGC units for use in ...
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NewsFirst LRVs shipped to Mashhad
IRAN: CNR Changchun Railway Vehicles announced in mid-November that it had shipped three light rail vehicles from Dalian to Mashhad in Iran. They are due to arrive at the port of Bandar Abbas on December 20.Mashhad Urban Railway Corp signed a contract with CNR in February 2007 to supply 60 ...
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NewsIsrael assesses interest in building fast link to Eilat
ISRAEL: Plans to develop a rail link to the southern resort of Eilat moved forward on November 22 when Transport Minister Yisrael Katz published a Request for Information to assess the interest and ability of potential private-sector partners in designing, building, financing and operating the line. Responses are due ...