All News articles – Page 122
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News
DVB Bank launches rail fund
'A PROJECT in the European market' was the first transaction announced by the Stephenson Capital rail investment fund which has been established by DVB Bank AG. The fund concentrates primarily on principal investments in rail assets in Europe and North America. Martin Metz, Global Head of the Land Transport division ...
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eBART funding approved
APPROVAL was granted in December for the majority of the funding needed to proceed with the eBART diesel commuter rail line in California. On December 19 Contra Costa Transportation Authority and the Metropolitan Transit Commission separately approved a total of $479m for eBART, which is intended as a quicker and ...
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Industry in Brief
Hyder Consulting has bought transport and water consultancy Voigt Ingenieure, and also SEIB Ingenieur, a consultancy specialising in the rail and road sectors in Germany and Austria. FreightCar America is to cease production at its Johnstown factory in Pennsylvania, which employs 390 people. The wagon manufacturer said Johnstown had higher ...
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NewsAlstom withdraws from IEP
ALSTOM has notified the UK's Department for Transport that it is withdrawing from the Intercity Express Programme to supply the UK's next-generation of inter-city train. 'Alstom follows a specific process in assessing potential business opportunities, based on financial and technical input', a spokesman told Railway Gazette International. 'After a ...
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Urban Rail News in Brief
Construction of a second tram line in the French city of Orléans is to go ahead following signature of a Declaration of Public Utility on January 10. Running east-west, the 11·8 km route with 25 stops will link St Jean de Braye with St Jean de la Ruelle and La ...
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Mixed messages on maglev
THE FIRST section of the 550 km Chuo Maglev between Tokyo and Osaka could open in 2025, following an announcement by Central Japan Railway that it is prepar-ed to finance the project completely. JR Central had long argued that the state should fund the infrastructure works. But on December 25 ...
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Market February 2008
Africa: RITES has supplied four 2 300 hp metre-gauge locos built at DLW Varanasi to Senegal and Mali. DLW expects to produce 200 locos in 2008, with 54 for export. Argentina: The federal government has launched tendering for a contract worth up to 7m pesos to restore the 284·8 km ...
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Metros February 2008
Austria: Innsbruck transport operator IVB has exercised an option under a 2005 contract with Bombardier and ELIN for a further 10 Flexity Outlook trams worth €23m. The first of 32 trams now on order will enter service next month, with the last due in late 2009 (RG 11.07 p680). Bulgaria: ...
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People in the News - February 2008
Former Director General at Kühne & Nagel, Friedrich Macher has joined Rail Cargo Austria AG as Managing Director, as part of a programme to prepare the ÖBB freight subsidiary for privatisation. Joining RCA from Unilever, Dr Günther Riessland has been appointed Finance Director. Réseau Ferré de France President Hubert du ...
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Hook and pull
WAGON leasing firm VTG Rail is promoting the Advanced Container Transport System within the UK rail freight market, highlighting that one person can transfer a loaded container between a rail wagon and lorry in around 60 sec. ACTS comprises a turntable on a flat wagon, and a container appropriate to ...
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SNCFT awards Tunis electrification contract
TUNISIA: National railway SNCFT has awarded a consortium of Alstom and Ansaldo STS a €54m contract to electrify the 23 km metre-gauge Tunis Ville - Borj Cedria suburban line at 25 kV 50 Hz. Alstom has a €36m share of the contract, which was announced on February 7. Work to ...
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Barcelona tunnel contract let
SPANISH INFRASTRUCTURE authority ADIF has awarded the last outstanding civil works contract for the high speed line between Madrid and the French border, covering the 5·64 km underground section between Sants and Sagrera stations in Barcelona (RG 7.07 p405). Under a contract worth €179·3m, work is to be completed by ...
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Loan guarantee takes TEN risk
THE EUROPEAN Investment Bank and European Commission signed an agreement on January 11 establishing a loan guarantee instrument for investment in Trans-European Transport Network development. The partners are each providing €500m, aiming to support up to €25bn of private-sector investment. EIB estimates that single market and regional integration objectives require ...
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Salt Lake City loco order
USA: Utah Transit Authority has ordered a further 10 MPXpress diesel locomotives from Wabtec's MotivePower subsidiary, the manufacturer announced on February 6. The locos will be built at MotivePower's plant at Boise in Idaho, for delivery in 2010. They will be deployed on UTA's FrontRunner commuter line between Salt Lake ...
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Algerian signalling contract
NATIONAL railway development authority Anesrif has awarded a €268·5m contract to supply signalling and telecoms for three sections of Algeria's east-west route to a consortium led by Thales. The deal was announced in January after being agreed during the state visit of France's President Sarkozy to Algeria in December. ...
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NewsAlstom unveils AGV prototype train
THE AUTOMOTRICE à Grande Vitesse demonstrator trainset was unveiled at Alstom's La Rochelle plant on February 5, watched by French President Nicholas Sarkozy and invited guests.Designed for a running speed of 360 km/h, Alstom's next generation high speed train combines articulation with distributed drive. According to the manufacturer the layout ...
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Oradea orders export ULF
THE FIRST order for Ultra Low Floor trams from outside their home city of Wien was announced on January 17, when Siemens Mobility won a €27m order to supply 10 cars to the western Romanian city of Oradea. Based on the shorter variant of the 300 ULF trams now in ...
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Australian branches at risk
UNCERTAINTY surrounds the future of regional freight trains in the Australian states of Victoria, New South Wales and Tasmania, which are currently operated by Pacific National. Parent company Asciano told investors in early December that it would cease to provide a range of intermodal and bulk services, primarily serving the ...
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Fret GV prepares to launch
PLANS TO move express freight over the French high speed network firmed up in December with the launch of a 50:50 joint venture between SNCF and La Poste. Formed in November 2006 to conduct technical and market studies, Fret GV has now entered a project planning phase with a view ...
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Dubai Red Line tunnels complete
THE RAIL Agency of the Dubai Roads & Transport Authority has announced that tunnelling work on the first section of the city's metro was completed on schedule on January 6. Excavation was undertaken in three stages. The first, which began on January 31 2007 and lasted until September 15, involved ...