Main line rail industry news – Page 1114
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News
Dubai looks at light rail
PLANS TO develop a network of light rail lines in Dubai were unveiled by the Chairman of the emirate's Roads & Traffic Authority Mattar Mohammed Al-Tayer at the Metro Rail conference in Roma on March 29. With Dubai's population expected to reach 5·25 million by 2020, RTA is forecasting ...
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Dulles deal done
VIRGINIA’s Department of Rail & Public Transportation announced last month that it had reached an agreement with the Bechtel-led Dulles Transit Partners consortium for construction of the first 18?7?km of the Washington DC Metro extension to Dulles International Airport. DRPT is due to request FTA approval this month for the ...
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More extensions in Madrid
ON APRIL 11 two further extensions to the Madrid metro network were opened to traffic, both serving a new interchange at Pinar de Chamart?n which will also be the southern terminus of a light rail route to Sanchinarro and Las Tablas, due to open this month.The 7?km of metro extensions ...
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Laval under budget
The three-station, 5?1?km Orange Line M?tro extension to Laval was scheduled to open on April 28. The project, budgeted at C$803?6m after repeated cost increases, ended up with a price tag of C$745m, or C$143?2m per km. According to Jo?l Gauthier, President and Chief Executive Officer of the regional Agence ...
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Second Avenue groundbreaking
The fourth groundbreaking ceremony for New York's Second Avenue subway was held on April 12 in a section of tunnel completed more than 30 years ago but never used. Planning for the line began in 1929 but was sidelined by the Depression and World War II. In the early 1950s, ...
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Zürich S-Bahn stock
TENDERS will be called shortly for 60 double-deck S-Bahn trains and a fleet of double-deck coaches to run in the existing fleet of 115 double-deck push-pull S-Bahn sets serving Zürich. Demand for travel on the S-Bahn is expected to rise by 80% by 2025, and Swiss Federal Railways announced on ...
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Rediscovering the value of rail
IF THERE had been any remaining doubts among investors about the financial health of the US rail industry, they would surely have been dispelled last month when Berkshire Hathaway revealed that it had taken substantial shareholdings in three Class I railroads.A spokesperson confirmed on April 9 that the investment group ...
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A new force in railway publishing
THIS ISSUE marks an exciting mile-stone for our magazine, as we launch a new publishing group dedicated to providing the very best news, business and technical information for the world's railway industry. With our portfolio including Railway Directory, Rail Business Intelligence and Metro Report, plus our websites www.railwaygazette.com and ...
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Another rescue plan takes shape
’MAKING OUR customers smile’ was one objective in the package of short-term measures launched last autumn to try and halt the rot that is sapping the life out of SNCF’s freight business. Olivier Marembaud, appointed Deputy Director-General, Freight, in December, told the SNCF board on March 28 that ’significant results’ ...
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ZEB consultation
PROPOSALS for the long-term programme to upgrade and expand the Swiss rail network went out to consultation last month.Building on the completed Bahn 2000 project, Zuk?nftige Entwicklung der Bahnprojekte will now be scrutinised by the cantons and other interested parties, paving the way for the government to draw up definitive ...
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Dieter
Concerned that Japan’s falling birthrate and aging population will combine to reduce the number of passengers from 2020, commuter railways in the Tokyo region have begun developing child care businesses in an effort to encourage families with two working parents and young children to live near the stations. Tokyo Metro ...
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NewsLevel 2 to be installed on Nürnberg - München corridor
A decision to fit ETCS Level 2 on DB's main line between two major cities in south Germany means that three separate signalling and train control systems will operate in parallel on one route
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NewsELH stake sold
AAE Holding AG owner Andreas Goer has bought a 70% stake in wagon bogie maker ELH Eisenbahnlaufwerke Halle GmbH & Co KG, through Swiss-based G&S Rail Investments GmbH. The purchase price was not disclosed, and ELH's previous owner Michael Schnaufer will retain a 30% stake in the business. 'After difficult ...
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NewsMobile radios on the move
AUSTRIA: Kapsch TrafficCom announced on March 12 that it was transferring its railway division to the newly-founded company Funkwerk Systems Austria GmbH. Mobile train radios represent a small percentage of Kapsch's activities, and Director Erwin Toplak said the sale forms part of a strategy to focus on its core business ...
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NewsKnorr-Bremse breaks into Russia
TRANSMASH Holding and Knorr-Bremse signed a letter of intent last month for the creation of an equally-owned joint venture in central Russia which will manufacture and service rail braking systems for markets across the CIS countries. Transmash is currently expanding its production capacity (RG 4.07 p231), and Knorr-Bremse said ...
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Systra doing well
GROUPE Systra recorded a net income of k7m on turnover of k205?4m in 2006, up 20% on the previous calendar year. The engineering consultancy subsidiary of SNCF and RATP now employs around 1 300 people, and recorded ’favourable’ results at Systra SA, MVA in Britain and Asia, Systra Consulting in ...
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Finnish investors buy Talgo Oy
PATENTES Talgo withdrew from Finland at the end of March, with the sale of its 90% stake in Talgo Oy to investment group Primaca Partners. The former Talgo business with premises in Oulu and Otanm?ki reverted to its previous name of Trantech Oy following the deal. Primaca Partners Oy ...
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Repositioning on course
VOSSLOH Group’s sales exceeded k1bn for the first time in 2006, climbing 7?7% from the 2005 figure to reach a total of k1?02bn. The company blamed restructuring costs for a 5?6% fall in EBIT to k82?7m for the year.Sales at the Rail Infrastructure division increased 5?9% to k613?9m, but EBIT ...
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Finance May 2007
China: Citic Securities, Citigroup and Macquarie Bank have been appointed to advise China Railway Construction Corp on a US$2bn initial public offering planned for the end of this year. Hungary: PricewaterhouseCoopers is to assess the assets of the passenger division of MÁV in preparation for a planned spin-off. South Africa: ...
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Intelligence May 2007
Asia: On April 9 Pakistan and India agreed an extension to January 19 2010 of their 2004 agreement for the operation of Samjhota Express cross-border services between Lahore and Amritsa via Wagah. Bosnia: During a visit to Sarajevo at the end of March, Croatian Prime Minister Ivo Sanader signed ...