INTRO: Convergence achieved
WHILE Europeans wrestle with impending monetary union, the railway supply industry appears to have already met convergence criteria. GEC Alsthom - soon to become just ’Alstom’ - and Siemens are co-operating on the Eurotrain project (p411). However, Dieter suggests a way that the gauge-changing Talgo might be incorporated into a three-way joint venture project, solving the political problem of whose power car should head the train.
INDIA: Publishing its final results for the 2022-23 financial year, Indian Railways has reported a 27·75% increase in revenue for the 12 months to March 31. Reflecting economic buoyancy in the face of global headwinds, the national railway reported revenues of Rs2·44tr for the year. This ...
UK: Launched soon after rail privatisation to recognise and celebrate achievements across every aspect of industry, the 25th anniversary of the Rail Business Awards was marked with a gala evening hosted by comedian Zoe Lyons at London’s Hilton on Park Lane on February 23. Attended by ...
EUROPE: The heroism and resilience of Ukrainian Railways over the past year was marked at the 16th European Railway Award celebrations, with the presentation of the Rail Champion award.
GERMANY: Deutsche Bahn group has reported a positive year in 2022, closing with an adjusted EBIT of just over €1∙25bn compared with an operating loss of €1∙55bn in 2021. Group revenues increased by 19∙1% to reach a record of €56∙3bn thanks to high demand for passenger ...
POLAND: Polish State Railways has been formally restructured as a holding company under a programme to make the railway more competitive as the European rail market continues to open up. PKP Group is formed of 18 companies led by PKP SA, which is 100% owned by ...
EUROPE: Deutsche Bahn CEO Richard Lutz and his Ukrainian counterpart Oleksandr Kamyshin signed a memorandum of understanding at InnoTrans on September 20 pledging long-term support and assistance to Ukrainian Railways. The agreement will help UZ rebuild its network and covers collaboration to expand rail freight corridors ...
