On August 11 AEA Technology announced that it was to focus on environmental consultancy, and had entered into a conditional agreement to sell its rail business to investment firm Vision Capital.
As well as AEA’s rail activities in Britain, France, Spain and the Netherlands, the deal includes energy-sector companies Kinectrics. ESI and WMT. To minimise costs the subsidiaries will be sold in a single transaction, with net proceeds put at £33·3m. n
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INTERNATIONAL: The inaugural Rail Broadcast Week will take place online from September 21 to 25 2020, hosted by the Railway Gazette Group. Supported by headline sponsor Siemens Mobility, Rail Broadcast Week offers an unrivalled opportunity to understand the opportunities and challenges facing the global railway sector ...
Rolling updates on the impact of the Covid-19 outbreak on the global railway industry.
UK: Paying tribute to the innovation, dedication and hard work that characterises the UK railway and its supply chain every single day, more than 500 guests from across the rail sector came together on February 27 for the 22nd Rail Business Awards . Organised by ...
USA: Construction of the Texas Central high speed line linking Houston with Dallas is expected to start in the coming months following completion of the regulatory approval process. This concluded on September 21 when the Federal Railroad Administration released a pre-publication version of its final ...
ZIMBABWE: National Railways of Zimbabwe’s decision to terminate a US$400m recapitalisation agreement is being challenged in court by the Diaspora Infrastructure Development Group, which is seeking damages worth US$236m. In mid-September, DIDG instructed its lawyers to sue NRZ and Transport Minister Joel Biggie Matiza following the ...
USA: The board of the California High-Speed Rail Authority on September 10 approved the Final Environmental Impact Statement for an 80 km section of the planned high speed railway between Merced and Fresno, known as the ‘Central Valley Wye’. The formal approval means that environmental clearance ...
