All Urban transport business articles – Page 3
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Metro Report InternationalTransport for London selects office development partner
UK: Transport for London’s wholly owned commercial property company TTL Properties Ltd has selected Helical as its preferred investment partner for the development of ‘high-quality and sustainable’ office space above or close to Underground stations, starting with sites at Bank, Paddington and Southwark. A 49:51 joint ...
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Metro Report InternationalTransport for London restarts renewable power procurement process
UK: Transport for London has restarted its efforts to set up a Corporate Power Purchase Agreement covering the long-term supply of renewable energy. TfL launched a procurement process known as PPA Comet in June 2022. This was subsequently paused after a disappointing response which TfL told ...
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Metro Report InternationalPassenger trust, digital expectations and changing travel patterns will drive transport innovation in 2023
Making accurate predictions in an increasingly unpredictable world can be a fool’s errand, but Galen Chui, Senior Vice-President of Engineering & Products at Cubic Transportation Systems, looks at the trends that will shape public transport in the coming year.
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Metro Report InternationalKeolis financing linked to sustainability targets
KEOLIS: Public transport operating group Keolis has issued its inaugural sustainability-linked Schuldschein, a private placement with a margin adjustment mechanism linked to environmental, diversity and safety performance. KPIs include the proportion of employees in subsidiaries covered by environmental management system certification; reducing greenhouse gas emissions; increasing ...
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Metro Report InternationalKeolis awarded Dijon multimodal transport contract
FRANCE: Dijon municipality has awarded incumbent Keolis a new contract to operate transport services under the DiviaMobilités brand.
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Metro Report InternationalRussian-Belarusian tram joint venture rolls out first tram
RUSSIA: The Nizhekotrans tram manufacturing joint venture of Russian and Belarussian companies has rolled out its first completed vehicle, produced as part of an extensive modernisation of the Nizhny Novgorod tramway. The single-section tram is designated T856 MiNiN (‘Minsk & Nizhny Novgorod’), ...
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Rail Business UKCompetition concerns over Hitachi’s planned acquisition of Thales signalling business
UK: The Competition & Markets Authority has expressed concern that Hitachi Rail’s planned acquisition of Thales’ Ground Transportation Business could eliminate a credible competitor for the supply of signalling systems, at a time when efforts are being made to increase competition in the UK market. Hitachi ...
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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 ...
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Metro Report InternationalTransport for London to award fare collection operation and expansion contract
UK: Transport for London has begun procurement for the Project Proteus contract to operate, maintain and expand its fare collection systems, which envisages a number of changes to the business. The contract has an estimated value of £800m over a seven-year term, which will start when ...
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Metro Report InternationalFormer Prime Minister Jean Castex named RATP CEO
FRANCE: The RATP supervisory board has confirmed the appointment of former Prime Minister Jean Castex as the new Chief Executive of the Paris transport operator, replacing Catherine Guillouard who stepped down at the end of September. Now 57 years old, Castex served as Prime Minister of ...
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Metro Report InternationalHitachi Rail’s Maryland rolling stock factory under construction
USA: Hitachi Rail has unveiled the final designs for the $70m factory being built in Maryland to serve the North American rolling stock market. The first contract to be fulfilled from the site in Hagerstown will be a March 2021 order to produce 256 Series 8000 ...
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Metro Report InternationalPredictive supply chain partnership
FRANCE: Internet of Things company Stimio and tram and bus component supplier CBM have partnered to offer a predictive maintenance tool directly connected to spare parts supply services. ‘Our end-to-end solution frees our customers from the complexities of IoT projects, letting them focus on business data ...
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Metro Report InternationalCatherine Guillouard to leave RATP
FRANCE: Catherine Guillouard is to step down as Chief Executive of RATP on September 30 for personal reasons, the Paris municipal transport operator announced on September 1. She will be replaced on a interim basis by Pierre-Alain Roche, who represents the French state on the RATP ...
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Metro Report InternationalLocal production included in Cairo metro train order
EGYPT: The National Authority for Tunnels has formally awarded a joint venture of Hyundai Rotem and National Egyptian Railway Industries Co a US$563·2m contract to supply 40 trainsets totalling 320 cars to increase capacity on Cairo metro lines 2 and 3. The trains are to be delivered ...
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NewsUK and Israel sign MoU to share transport expertise
INTERNATIONAL: The UK’s Department for Transport and Israel’s Ministry of Transport & Road Safety have signed a memorandum of understanding to share expertise on large scale rail projects, which DfT said could lead to ‘fresh business opportunities and potential new jobs’.
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Metro Report International‘Living lab’ to help develop transport technology
CHINA: MTR Corp and Hong Kong Science & Technology Parks Corp have agreed a three-year collaboration framework which aims to enhance the transport operator’s services and customer experience and promote an open innovation and technology ecosystem by making use of innovative technologies and data and through ...
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Metro Report InternationalTram subsystem framework agreement signed
INTERNATIONAL: Knorr-Bremse has signed a framework agreement to supply Hyundai Rotem with subsystems for more than 200 light rail vehicles in 2023-28. Valued in the ‘mid-double-digit million-euros’ range, the agreement announced on August 8 covers ‘field-proven and robust’ electro-hydraulic braking systems including sanding equipment and magnetic ...
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Metro Report InternationalSão Paulo metro Line 6 financing secured
BRAZIL: São Paulo metro Line 6 PPP consortium Concessionária Linha Universidade has closed a R$6·9bn financing deal with development bank BNDES. The consortium of Acciona (47%), Societe Generale (39·7%), Stoa (12·3%) and Transdev (1%) said the R$18bn public-private infrastructure project to build the 15·3 km line ...
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Metro Report InternationalMobility+ looks at technology and the last mile
INNOTRANS: Mobility+ is a new zone at InnoTrans where providers of services such as apps, shared mobility, travel information, booking and payment, drones and last-mile innovations can highlight their products. ‘This is where companies exhibiting new mobility services can meet domestic and international transport companies, transport ...
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NewsTMH to move rolling stock production
RUSSIA: An agreement for the development of an electric rolling stock factory in St Petersburg was signed by the city’s government and Transmashholding during June. The cost of at least 3bn roubles will be financed by TMH, which expects to create more than 1 000 new ...