Railway supply industry news – Page 113
-
Metro Report InternationalSamsung C&T pulls out of Seoul light rail project
SOUTH KOREA: Samsung C&T has pulled out of a project to build a light rail line to connect the Wirye New Town residential area of southeast Seoul with the Sinsa-dong business area of Gangnam District. The company told Metro Report International that it had decided to withdraw owing to ‘a ...
-
NewsRailway supply industry news round-up
NRE has launched an online auction site to provide its customers with ‘the ease and convenience of online shopping for hard to find parts at competitive pricing’, according to Claire Vaughan, responsible for Auction & Online Sales at the company. The website is initially selling NRE products, but ‘we hope ...
-
NewsBombardier opens Wrocław production hall
POLAND: Bombardier Transportation inaugurated a 20 000 m2 high speed train car body production and painting hall at its Wrocław plant on November 3. The hall has ‘unique’ 3D laser welding technology which will be used to produce car bodies for Deutsche Bahn’s ICE4 fleet. Bombardier said ...
-
NewsSNCF Réseau raises €900m with inaugural green bond
FRANCE: SNCF Réseau has raised €900m with its inaugural 15-year ‘green bond’, which it says was the first to be issued by a railway infrastructure manager and the first issued by a European transport company. Crédit Agricole CIB, HSBC France and JP Morgan acted as joint lead managers. The proceeds ...
-
NewsContractors inch towards deal on Haramain delay
SAUDI ARABIA: An agreement to end the dispute over delays and cost over-runs affecting the Haramain High Speed Rail Line could be reached in the next few weeks, following a visit by Saudi Railways Organization President Dr Rumaih Mohammed Al-Rumaih to Madrid on October 25-26. During his visit to ...
-
Metro Report InternationalTowards the Metro of the Future
RGTV: Automation, costs and reliability will be touchstones of metro development over the next 15 to 20 years, according to the panellists convened by the Railway Gazette Group for our latest interactive live debate.Entitled ‘The Metro of the Future’, the debate addressed a number of topics that ...
-
NewsBanks finance wagons
EUROPE: KfW IPEX-Bank and DVB Bank have agreed to finance the purchase of up to 1 335 freight wagons by leasing company Touax Rail Ltd’s Irish-registered single-purpose company TX Rail Finance 4. The two banks will contribute equally to the long-term financing, which is worth more than €54m with a ...
-
NewsRailway supply industry news round-up
Austrian non-contact measurement technology company Nextsense has opened a US office in Atlanta. The Hellenic Republic Asset Development Fund has received expressions of interest in the purchase of rolling stock maintenance business EESSTY from Italy’s FS Group and Škoda Transportation. The deadline for the submission of binding offers is ...
-
NewsMTU inaugurates Cape Town engine plant
SOUTH AFRICA: A ceremony on October 27 marked the inauguration of MTU’s redesigned plant in Cape Town following a €3m modernisation designed to enable the Rolls Royce business to localise diesel engine manufacturing. The plant will be used to assemble, test and commission around 200 of the 232 Series 4000 ...
-
NewsAmsted to buy Faiveley’s US brake business as part of Wabtec settlement
USA: The Department of Justice announced on October 26 that in order to alleviate its concerns about Wabtec’s proposed US$1·8bn acquisition of Faiveley Transport it would require Wabtec to entirely divest Faiveley Transport North America’s wagon brakes business to a single independent buyer. Wabtec has proposed that ...
-
NewsRatos sells EuroMaint Rail
SWEDEN: Private equity company Ratos has signed an agreement to sell its 100% stake in rolling stock maintenance business EuroMaint Rail to SSVP, a mid-market private equity fund advised by Orlando Management which invests in companies that it believes are underperforming but have ‘a healthy core’. The SKr650m deal announced ...
-
NewsTerms of Wabtec acquisition of Faiveley Transport modified
INTERNATIONAL: The terms for Wabtec’s planned acquisition of Faiveley Transport which had been agreed on October 6 2015 have been modified, the two companies and the Faiveley family announced on October 25. Completion of the deal is expected by the end of the year, subject to regulatory clearance in the ...
-
Metro Report InternationalMTR Corp issues first green bond
CHINA: MTR Corp has issued its first green bond. Eligible investments for green bonds include works relating to low-carbon transport, energy efficiency, sustainability, climate change, conservation, water management, pollution prevention and noise reduction. ‘As a low-carbon transport operator, we are pleased with the issuance of our first green bond which ...
-
NewsGreenbriar Equity acquires Frauscher Sensor Technology
AUSTRIA: Wheel detection and axle-counting system supplier Frauscher Sensor Technology announced on October 24 that it had been acquired by New York-based private equity investor Greenbriar Equity Group and its existing management team led by CEO Michael Thiel. Terms were not disclosed. Greenbriar specialises in investment in the transport sector, ...
-
NewsGranada light rail operator selected
SPAIN: The Andalucía regional government has selected the Avanza Metro de Granada joint venture as preferred bidder for the contract to operate the city’s 15⋅9 km light rail route. As well as Spanish public transport operator Avanza, the joint venture comprises Tuzsa, operator of the bus and light rail networks ...
-
NewsBombardier Transportation to cut 5000 jobs
BOMBARDIER: On October 21 Bombardier Inc announced plans to cut approximately 7 500 jobs worldwide as part of a workforce optimisation and site specialisation programme running through to 2018. Around two-thirds of the job losses would be at the Bombardier Transportation rail business, with the rest in the aerospace business. ...
-
Metro Report InternationalLiège tram prequalification restarts
BELGIUM: Three consortia have submitted bids to prequalify for a revised design-build-finance-maintain concession to build the planned 12·5 km tram route in Liège. The three proposals opened on October 12 were submitted by: Alstom with BAM PPP PGGM;CAF, Colas and DIF; Škoda Transportation with Vinci, CFE and Meridam. Société Régionale ...
-
NewsRailway supply industry news round-up
DB Cargo UK has installed a Hegenscheidt wheel lathe at its Toton depot and its Axiom Rail workshop in Stoke-on-Trent has recieved Railway Industry Supplier Approval Scheme accreditation for the production of powered wheelsets. ‘These developments build on DB Cargo UK’s ability to service its own fleet and add to ...
-
NewsFlood-damaged DMU returns to service
UK: A diesel multiple-unit which had been seriously damaged by floodwater has returned to service with ScotRail after being bought and repaired by Brodie Engineering. The company has set up its own leasing business with funding from Clydesdale Bank. Two-car unit 156 478 suffered underframe and internal damage when the ...
-
NewsKiruna Wagon signs Australian licensing agreement
AUSTRALIA: Perth-based engineering and infrastructure company RCR Tomlinson has signed a 10-year agreement to manufacture and distribute Swedish company Kiruna Wagon’s Helix Dumper wagon and unloading terminal design in Australia, New Zealand and Southeast Asia. The Helix Dumper system uses a spiral-like structure to tip 100 tonne capacity wagons ...