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Finance

01 Jul 2000

Great Britain: Anglia Railways has signed a leasing agreement with HSBC Rail covering 13 Class 86 locomotives, 93 MkII coaches and 13 driving trailers until the end of the current franchise in 2004. The lease includes a C2 overhaul programme worth £14m to be completed by the end of 2000.

Singapore: The government has given its approval for the public listing of SMRT, currently owned by the Ministry of Finance's investment arm Temasek Holdings.

USA: Under an agreement signed on June 5, the Federal Transit Administration and Florida Department of Transportation will each provide $110·5m towards the $327m programme to double-track Tri-Rail's 114 km Miami - West Palm Beach route. Due for completion in five years, the project includes installing four-quadrant gates at 72 level crossings and upgrading 10 stations.