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
EUROPE: Austrian Federal Railways has put into service the first of its updated Railjet trainsets on services linking Germany, Austria and Italy. Toma Bačić rode on a preview run between München and Verona on April 5.
USA: Project promoter Brightline West held a groundbreaking ceremony on April 22 in Las Vegas to launch its project to build a high speed line from the city to southern California.
SPAIN: SNCF’s low-cost subsidiary Ouigo has further expanded its operations in Spain, launching Madrid – Valladolid services on April 19, consisting of two return trips per day. Single fares start at €9, and initially 14 000 tickets per week have been made available. The operator could ...
