All News articles – Page 134
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News
Finance October 2007
Bulgaria: BDZ is planning a 10-year bond issue to raise €120m to pay off debts, fund the purchase of new rolling stock and refurbish existing vehicles. Canada: Alberta's provincial and city governments have reached agreement in principle for a 10-year infrastructure plan providing municipal autonomy in investment; this will allow ...
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News in Brief
CSX is to spend $6·6bn on capital projects over the next three years, according to Chief Financial Officer Oscar Munoz. He confirmed last month that the railway plans to invest $1·7bn this year, around $1·6bn a year in 2008-09 and $1·7bn in 2010. Around 60% of the money will go ...
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Pointers October 2007
Minister of State for Railways R Velu told the Indian parliament in August that a survey had been completed for a 52 km railway between Sivok in Bengal and Rangpo in Sikkim. The cost of construction is put at R13·3bn.Under a pilot scheme for the revival of the national network ...
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Zeta-Tech bought by Harsco
HARSCO Corp announced on September 4 that it had acquired Zeta-Tech Associates for an undisclosed price. The technical services and asset maintenance planning specialist will form an independent unit within Harsco Track Technologies. Based at Cherry Hill in New Jersey, Zeta-Tech produces a range of proprietary software tools for asset ...
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Bidders sought to build Indian diesel loco plant
APPLICATIONS to build a factory able to produce 100 diesel-electric locomotives a year for Indian Railways closed on September 14. Pre-qualified bidders for the joint venture project are to be announced on October 12. A Request for Proposals is to be issued on October 19, and bidders will have until ...
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Up the Mekong
PROPOSALS for construction of a 128 km railway from Ho Chi Minh City to Loc Ninh near the Cambodian border have been under discussion for many years, but the Vietnam Railway Administration announced last month that it hoped to start work by 2010. VNA has completed a feasibility study for ...
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Greek railway contracts awarded
HELLENIC Railways' infrastructure projects subsidiary Ergose confirmed in mid-September that it had awarded a contract to Thales for the installation of ETCS Level 1 trackside equipment on the main line between Athens and Thessaloniki. Thales will also equip the 143 km line from Thessaloniki to the Bulgarian border at ...
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Valenciennes tramway extends
A FURTHER 8·8 km of light rail line was inaugurated on August 31 in Valenciennes, with commercial services beginning three days later. The second phase takes the existing 9·5 km line, opened in August 2006, from its original terminus at Dutemple into the neighbouring commune of Denain to a new ...
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Four tracks to Pinto
MEETING ON September 14, the Spanish cabinet gave its approval for the Ministry of Development to begin tendering for a €143m project to quadruple the San Cristóbal de los Ángeles – Pinto section of Renfe suburban route C3 in Madrid. The programme has been divided into two packages. The first, ...
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EMD buys ITS Rail Services
ELECTRO-MOTIVE Diesel Inc announced on August 27 that it had acquired ITS Rail Services three days before. ITS supplies technical services, training and publications for the rail industry worldwide, and as part of EMD will concentrate on providing training, consultancy and supporting overseas locomotive remanufacturing projects. 'ITS's experience in managing ...
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Bombardier metro car order confirmed
A FIRM ORDER for a further 52 Advanced Rapid Transit Mk II light metro cars for the Kelana Jaya Line in Kuala Lumpur was announced by Bombardier and its local partner Hartasuma Sdn Bhd on October 8. Following from an €87m electrical and mechanical upgrade contract announced on August ...
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Bangladesh upgrade loan
THE GOVERNMENT of Bangladesh expected to sign an accord with the Japan Bank for International Co-operation before the end of September, releasing a US$112m soft loan to fund upgrading work on the national rail network. The funding will support a US$924m reform package to transform Bangladesh Railway into a profitable ...
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Colombia to launch US$600m tender package
TENDERING IS DUE to start this month for the first upgrading projects that Colombia's Ministry of Transport is undertaking under a U$600m investment programme. According to Miguel Bonilla who heads the Rail Group at national concessions agency INCO, the aim is to award contracts in the first half of 2008 ...
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Chinese to plug Ilebo - Kinshasa gap in DR Congo
AGREEMENTS were signed in Kinshasa on September 17 which provide for China to fund a major railway project in the Democratic Republic of Congo. The rail element of a US$5bn loan package, signed by Congolese Minister for Public Works & Infrastructure Pierre Lumbi and Chinese Ambassador to the DRC Wu ...
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Kelana Jaya upgrade
BOMBARDIER and its Malaysian partner Hartasuma announced on August 30 that a contract had been agreed with Syarikat Prasarana Negara Berhad to upgrade lineside electrical and mechanical systems on Kuala Lumpur's Kelana Jaya Line (formerly known as Putra). The contract is valued at approximately €87m, with Bombardier's share being worth ...
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NewsLithuanian Eurorunner diesel loco unveiled
THE FIRST of 34 type ER 20 CF diesel-electric freight locomotives built by Siemens was formally handed over to Lithuanian Railways on October 5. Lithuanian Prime Minister Gediminas Kirkilas, Minister of Transport & Communications Algirdas Butkevicius and LG Chief executive Stasys Dailydka were joined by Siemens Group President Hans Schabert ...
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NewsLondon Crossrail gets the go-ahead
PRIME Minister Gordon Brown gave the go-ahead for London's long-awaited Crossrail project on October 5, with details of the funding package announced by Chancellor of the Exchequer Alistair Darling four days later. The total cost was put at up to £16bn, allowing for inflation during construction and inclusive of land, ...
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Austria orders 44 more Railjet trains
SIEMENS announced on October 5 that Austrian Federal Railways had placed a €540m order for an additional 44 Railjet trainsets on September 25. The largest ever contract won by Siemens AG Österreich, it follows from an initial €244m order for 23 Railjet trains announced by ÖBB in early 2006 ...
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Bids in for Mendoza upgrade
IN THE PRESENCE of President Néstor Kirchner, bids to upgrade the route between Buenos Aires and Mendoza (RG 9.07 p524) for use by trains travelling at up to 160 km/h were opened on September 18. The turnkey contract including civil, track and signalling work to create a 'high performance' line, ...
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Chinese lines get underway
CONSTRUCTION of Chinese Railways' 904 km Passenger Dedicated Line between Harbin and Dalian formally began on August 28, and is expected to take 5½ years to complete. According to Minister of Railways Li Zhijun, the line is intended to relieve the existing railway between Dalian, Shenyang and Harbin, which is ...