All News articles – Page 149
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News
Metros April 2007
Canada: The tram route along St Clair Avenue West between Yonge Street and Vaughan Road in Toronto reopened on February 18, following a rebuild to segregate tracks in the median. The C$65m project to modernise the route will be completed in 2009. Turbo Power Systems has won a US$8m order ...
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Intelligence April 2007
China: Work is due to begin this month on the construction of a privately-funded 29 km freight railway between Pengzhou and Bailu in Sichuan province. Sichuan Dezhong Investment Construction Co has a 30-year Build-Operate-Transfer agreement for the 420m yuan line which will serve customers including a cement works, ethylene plant ...
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Pointers April 2007
The Russian Academy of Transport is to develop standards for high speed operations on 1 520 mm gauge railways, to allow compatible developments across the CIS countries. Chattanooga Enterprise Center has appointed Arcadis to undertake a statefunded study into the feasibility of constructing a high speed maglev on a ...
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Finance April 2007
Australia: On March 15 Minister for Transport & Regional Services Mark Vaile announced the federal government’s approval of a A$78m 10-year rescue package and works programme for Tasmania’s railways. The 1 067 mm gauge lines between Hobart, Launceston and Burnie will be upgraded under a plan announced in December 2005, ...
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Desert riches fuel network revival
Greater political stability and a measure of prosperity are returning to Algeria, with revenues from oil and gas helping to pay for an ambitious programme to rebuild and expand the rail network. Murray Hughes reports
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Finance March 2007
China: On January 30 the World Bank approved a US$200m loan towards doubletracking and partial realignment of the Lupanshui – Zhanyi section of the Guiyang to Kunming railway. This will increase capacity to accommodate growing business from western China. Europe: Eurofima reported a net profit of SFr45·4m in 2006, ...
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Intelligence March 2007
Australia: A replacement 200 m bridge across the Murrumbidgee at Wagga Wagga in New South Wales was opened on January 3. The A$16m project undertaken by Arenco under ARTC's A$2·4bn North South Rail Investment programme allowed an increase in running speed from 20 to 80 km/h. Belgium: Infrabel has ...
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Veolia takes on Tri-Rail
Southern Florida Regional Transportation Authority has awarded Veolia a seven-year contract worth $64m to operate the Tri-Rail commuter service. The contract includes an option for a further three years at a cost of $33m. The French group will replace Herzog Transit Services on July 1. The Sfrta board has ...
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Serbian sales
SLOVAK rolling stock manufacturer ZOS Trnava paid 140m dinara for the Serbian state's 77·5% stake in wagon and carriage supplier Gosa on January 26. ZOS Trnava plans to use the Gosa factory in Smederevska Palanka to relieve capacity constraints at its plant in Slovakia. It expects to invest a further ...
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UP reports record results
REPORTING its 2006 results on January 25, Union Pacific announced its best year ever’, with commodity revenues up by 15% to an all-time record of $14?9bn for the year. Operating income in the fourth quarter grew by 52% to nearly $810m. President & CEO Jim Young - who succeeded Dick ...
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Property road-show
A major property development programme along the coast of the Indian Ocean is at the heart of the Sri Lankan government’s plans to revive its ailing state railway. A road-show for potential investors is to take place in Dubai, Singapore and Hong Kong, showcasing opportunities to develop 12 station sites ...
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Thales to resignal Piccadilly Line
LONDON Underground PPP contractor Tube Lines announced on January 29 that it had awarded Thales a ?160m contract extension covering the resignalling of the Piccadilly Line. Thales took over contracts to supply Seltrac signalling to the Jubilee and Northern lines when it acquired Alcatel-Lucent’s transport activities at the end of ...
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Laos link launched
WORK to link Laos to Thailand's rail network officially began on January 19, when Lao Prime Minister Bouasone Bouphavanh and Thai Deputy Prime Minister Pridiyathorn Devakula attended a ground-breaking ceremony in Dongphosy. This will be the site of the future Tha Naleng passenger and freight rail terminal, close to ...
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Leasing income up
GATX reported net income from continuing operations of $150·5m for the year to December 31 2006, up from $105·6m in 2005. The aircraft leasing business was sold to improve the firm's risk profile, and rail, marine and industrial activities grew 'while maintaining our disciplined investment approach', said President & CEO ...
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Mega-trucks impugned
ADDRESSING around 400 delegates to the CER’s Eurailfreight conference in Brussels on January 30, German Transport Minister Wolfgang Tiefensee, who under the German presidency of the European Union holds the chair at the Council of Ministers [for transport], indicated that giant lorries equivalent to Australia’s road trains would not be ...
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NewsKnorr-Bremse records growth
BRAKE MANUFACTURER Knorr-Bremse Group reported steady growth and record results for 2006, with revenue up 14% to k3?1bn from k2?7bn in 2005. A third of this increase came from acquisitions and two-thirds from organic growth in both the rail and commercial vehicle divisions, particularly in Europe and North America. ...
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Green light for missing link
WORK IS DUE to begin during the second quarter of 2007 on the 1 km Parc - Sud section of the TEC light metro in the Belgian city of Charleroi, expected to open at the end of 2010 to complete a long-planned city centre loop. With one intermediate ...
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Grands projets now the norm
MARCH 15 will see the official inauguration by RFF of the first 300 km of TGV Est between Paris and Baudrecourt. Three months ahead of SNCF’s planned opening to traffic on June 10, the date leaves a slot for more ultra-high-speed trials (above). That the French government backs high speed ...
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MTR goes shopping
HONG Kong MTR has officially opened its first shopping centre in mainland China. Ginza Shopping Mall stands above Dongzhimen metro station in a prosperous area of Beijing, and will be operated using the ’rail-plus-property’ model which MTR says has proved highly successful in maximising the value of inner-urban sites around ...
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NewsSlovenian gateway helps revitalise intermodal sector
Supported by the Marco Polo programme, the two-year Singer project is intended to develop new unaccompanied intermodal flows to and from Eastern Europe. Block trains from München, Verona and Budapest converge on a gateway hub at Ljubljana, offering competitive transit times and reducing costs