LEIPZIG Transport authority has sold a 51% stake in its Leoliner Fahrzeug-Bau Leipzig subsidiary to crane builder Kirow Leipzig for an undisclosed price.
An additional 25% stake will be transferred in July 2008 under the terms of the agreement which was announced on January 25, and this will be followed by a further 14% in 2010. LVB will retain a 10% shareholding in the company, which produces the Leoliner NGTW6 low-cost 60% low-floor tramcar (RG 1.04 p8).
INDIA: Spain’s Ministry of Transport & Sustainable Mobility has signed a memorandum of understanding to support Indian Railways in developing and upgrading its network. The initial agreement runs for five years, when a number of pilot projects are envisaged, to be followed by automatic annual renewals. ...
UK: The annual Rail Business Awards which recognise and reward excellence across every aspect of the industry will be back in Manchester in 2025.
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...
