All articles by Railway Gazette International – Page 97
-
NewsOrange Phoenix EMU unveiled
CHINA: CRRC Nanjing Puzhen has unveiled its latest design of Type D electric multiple-unit intended to operate suburban and interurban services on routes with journey times of up to 1 h. Branded as ‘Orange Phoenix’, the unit features styling inspired by paintings of the mythical bird. ...
-
NewsCDPQ completes acquisition of leasing company Akiem
EUROPE: Canadian pension and insurance investor CDPQ has completed the acquisition of locomotive leasing company Akiem from SNCF Group and DWS. Exclusive negotiations with CDPQ began in August following a competitive auction. Closing of the transaction was announced on December 9 following staff consultations and regulatory ...
-
NewsRailcoop makes progress with DMU fleet but passenger service launch remains elusive
FRANCE: Community interest open access operator Railcoop says that an initial audit by ACC-M of the X72500 diesel multiple-units it has acquired for its planned Lyon – Bordeaux service found that they are in good condition. Railcoop has taken on a fleet of nine DMUs from ...
-
NewsOperail sells Ukrainian wagon fleet
UKRAINE: Estonian state-owned rail freight company Operail has sold 552 wagons located in Ukraine to a joint venture of local transport, infrastructure and agriculture investor Fortior Capital and Estonian wagon leasing company Teslar Trans for €6·51m Operail said the sale was ‘not related to the Russian ...
-
NewsKlagenfurt – Weizelsdorf line electrified
AUSTRIA: A €50m 18-month project to modernise and electrify the 12·1 km Klagenfurt – Weizelsdorf line was completed when the route re-opened for revenue services with the December 11 timetable change. The line is Route S3 of the Kärnten S-Bahn network. According to operator ÖBB, the ...
-
-
NewsŠkoda developing battery-electric multiple-unit
CZECH REPUBLIC: Škoda Transportation is developing a battery-electric multiple-unit for national operator České Dráhy. The Type 15Ev3 BEMU is based on Škoda’s Class 650.2 RegioPanter two-car EMU, and will be capable of operating under 3 kV DC or 25 kV 50 Hz electrification, and by using ...
-
NewsA Stucki recapitalisation completed
USA: Middle-market private equity firm Stellex Capital Management and investment company Eldridge have completed the recapitalisation of rolling stock component, remanufacturing and logistics services company A Stucki Co, which operates 21 facilities in the USA, Mexico and Brazil. ‘We believe Stucki is an exceptional business with ...
-
NewsJade Dragon Snow Mountain railway opens
CHINA: A new railway has been opened to connect the UNESCO World Heritage listed Old Town of Lijiang with the Jade Dragon Snow Mountain, offering a less congested and polluting alternative to the existing road. The 20·8 km Lijiang sightseeing railway was designed and ...
-
NewsICE3neo enters passenger service
GERMANY: The first of 73 ICE3neo high speed trainsets that Siemens Mobility is supplying to Deutsche Bahn entered service on the Frankfurt – Köln line on December 5.
-
-
NewsPPP investor Plenary targets Europe
UK: Infrastructure concession investor Plenary Group has opened a London office to support its plans for expansion in Europe. Plenary currently has 79 assets worth more than US$45bn under management in Australia, Canada, the USA and the UAE. Transport projects include Toronto’s Ontario Line and the ...
-
NewsAfrican Development Bank supports Uganda rail link renewals
UGANDA: The African Development Bank has approved a US$301m financing package to support the ongoing renovation of Uganda Railways Corp’s metre-gauge main line between Kampala and the Kenyan border at Malaba.
-
NewsChina starts work on more high speed lines as 'eight by eight' network takes shape
CHINA: Construction has started on three more sections of high speed line totalling 923 km in central China, and on one 310 km line in the Shanghai area which includes a 29 km bridge across the Hangzhou Bay.
-
NewsAix-Marseille-Provence city region invests in local freight
FRANCE: The Aix-Marseille-Provence Métropole is to invest significant funds in local rail freight services and terminals over the next four years, as part of a strategy to reduce road congestion and associated pollution across the metropolitan area.
-
NewsNorfolk Southern to buy Cincinnati Southern Railway
USA: Norfolk Southern has announced an agreement to acquire the Cincinnati Southern Railway from the City of Cincinnati for $1·62bn, to gain ownership of one of the busiest sections of its network which carries up to 30 trains a day. The City of Cincinnati says it ...
-
NewsOne bid passes first stage of South African train path sales process
SOUTH AFRICA: Transnet Freight Rail has conditionally awarded private operator Traxtion Sheltam paths on the Cape Corridor, but there were no compliant bids for train paths on the Container Corridor. A total of 19 parties had expressed initial interest in 16 slots on the two corridors ...
-
NewsCombined transport booking platform gets development funding
GERMANY: The Federal Ministry for Digital & Transport has awarded Future of Rail Freight Transport programme funding to accelerate the development of the Modility combined transport booking platform. Planned enhancements include improved information on prices and available train capacities, simplification of the booking process and options ...
-
NewsHydrogen train lease financing put in place
GERMANY: KfW IPEX-Bank has implemented a tailored leasing structure developed with Deutsche Anlagen-Leasing to finance Niederbarnimer Eisenbahn’s order for hydrogen trains.
-
NewsRidership growth reduces Amtrak’s anticipated operating losses
USA: Amtrak launched major station and route upgrading projects and hired a record level of employees during the 2022 financial year, the company reported.