Railway supply industry news – Page 118
-
Metro Report InternationalKeolis takes share in Masabi
MASABI: International transport operator Keolis has taken a share in mobile ticketing provider Masabi as part of an investment made with MasterCard, Lepe Partners and existing shareholder MMC Ventures. The combined investment from the four companies amounts to US$12m. Earlier this year Masabi formed partnerships with both ...
-
NewsNomad Digital and Bombardier announce North American partnership
NORTH AMERICA: Nomad Digital and Bombardier Transportation announced a partnership to provide passenger and fleet management connectivity technology across the region on December 3. Nomad said the agreement would provide Bombardier with access its expertise in the development, implementation and management of on-board systems including passenger information, media and ...
-
NewsTracsis buys Ontrac
UK: Tracsis plc has acquired the entire issued share capital of Ontrac Ltd and Ontrac Technology Ltd, which develop workflow and information sharing software for the rail and transport industries. Ontrac has around 30 permanent staff, and generated revenue of £7·1m and an adjusted pre-tax profit of £2·4m ...
-
NewsM62 locomotive rebuilding framework agreement
UKRAINE: A framework agreement for co-operation in the potential modernisation of Type M62 diesel locomotives for the Ukrianian market was signed by Newag, Skinest Rail Ukraine and Latvia’s Daugavpils Rolling Stock Repair Plant at a Polish Business Day held in Kyiv on November 26. Newag estimates current demand at potentially ...
-
NewsMitsubishi Electric opens Indian traction equipment factory
INDIA: Mitsubishi Electric Corp subsidiary Mitsubishi Electric India has opened a US$8m factory at Bidadi near Bangalore which will manufacture and maintain traction inverters, motors and other electrical equipment for metro rolling stock. Mitsubishi Electric is aiming for annual revenue of US$170m in the Indian transport equipment sector by 2020. ...
-
NewsIndian Railways signs 12 000 wagon deal
INDIA: Indian Railways has signed agreements worth Rs25bn for the SAIL-RITES Bengal Wagon Industry joint venture to supply 1 200 stainless steel wagons and refurbish 300 existing wagons every year for the next 10 years. The two agreements will enable production to start shortly at a Rs1·2bn factory at ...
-
NewsRailway supply industry news in brief
Export-Import Bank of China agreed on November 19 to provide a 500bn yuan line of credit and to provide policy and international experience to support China Railway Corp with planned expansion in the global rail infrastructure project market. Nomad Digital announced on November 23 that it had completed a £4m ...
-
NewsAlstom buys stake in South African rolling stock business
SOUTH AFRICA: Alstom announced on November 26 that it had signed an agreement to buy a 51% stake in rolling stock refurbishment company Commuter Transport & Locomotive Engineering from Commuter Transport Engineering and Industrial Development Corp, which will remain as minority shareholders. An employee benefit scheme will also be created. ...
-
NewsČD loses Škoda Transportation locomotive battle
CZECH REPUBLIC: An arbitration court issued its ruling on a protracted dispute between national railway ČD and Škoda Transportation over the late delivery of 20 Type 109E Class 380 multi-voltage electric locomotives on November 16. The court ruled in favour of Škoda Transportation, rejecting ČD’s claim for compensation and saying ...
-
NewsNAO identifies emerging risks to franchising
UK: There are ‘emerging risks’ to achieving value for money, the National Audit Office warns in its report on the Department for Transport’s management of the passenger rail franchising programme which was published on November 24. These include uncertainty around infrastructure projects, a reduction in market interest and ‘stretched’ resources ...
-
NewsTransnet signs R12bn loan to fund loco programme
SOUTH AFRICA: State-owned freight operator Transnet signed a R12bn club loan with five financial institutions on November 23, saying the agreements confirmed ‘buoyant investor appetite’. This completes the majority of the funding required for Transnet’s programme to acquire 1 064 locomotives from four manufacturers. Transnet has raised R12bn in the ...
-
NewsRailway supply industry news in brief
SilverRail Technologies and Expedia have announced a strategic technology partnership which will see SilverRail’s global rail ticketing platform used to provide a ‘simple, consistent search and booking experience’ covering multiple rail companies through a standard interface to be launched in 2016. The Russian government has agreed to provide wagon builder ...
-
NewsCDPQ to buy 30% stake in Bombardier Transportation for US$1·5bn
BOMBARDIER: A definitive agreement for pension and insurance fund investor Caisse de dépôt et placement du Québec to make a US$1·5bn investment in a new holding company for Bombardier Transportation was announced on November 19. The transaction values Bombardier Transportation at US$5bn, and subject to regulatory approval is expected to ...
-
NewsStadler Rail targets Asia-Pacific markets
AUSTRALIA: Stadler Rail has established an Australian subsidiary to support its planned expansion into Australia and the wider Asia-Pacific region. Stadler Australia has opened an office in Sydney, and intends to form a joint venture in Australia which would undertake final assembly using rolling stock components supplied from Europe ...
-
NewsCP proposes Norfolk Southern merger
NORTH AMERICA: Canadian Pacific confirmed on November 17 that it had written to Norfolk Southern Corp, proposing a ‘business combination’ to ‘create a transcontinental railroad’ which it feels could become ‘a new industry leader’. Rumours of a bid had emerged a week earlier on November 9, after an earlier proposal ...
-
NewsRailway supply industry news in brief
HSH Nordbank, ING DiBa, BAML, DVB, Deutsche Bank, Barclays and ABN AMRO are participating in a refinancing of leasing company Beacon Rail Finance (Europe), which is also pooling its rolling stock portfolios in the UK and continental Europe to simplify its management and finance structures. Tines Capital Group has ...
-
NewsAlstom to supply 800 electric locos to Indian Railways
INDIA: The Ministry of Railways issued Alstom with a letter of award for a contract to build a factory and supply 800 twin-section electric locomotives on November 10, a day after announcing a similar deal with GE covering 1 000 diesel locomotives. The electric locomotive factory is to be built ...
-
NewsGE wins 1000-locomotive Indian Railways deal
INDIA: On November 9 the Ministry of Railways issued GE with a letter of award for a US$2·6bn joint venture contract to develop a factory to supply and maintain 1 000 diesel locomotives. The contract is expected to be signed within 30 days. GE said the deal was the biggest ...
-
NewsRailway supply industry news in brief
Swedish infrastructure control technology supplier Cactus is to move to larger premises and take on more staff, after winning a €10m subcontract from Alstom which is to supply and maintain a €66m Iconis traffic management system covering the entire Trafikverket rail network. On November 4 local company Cablex and railway ...
-
NewsBombardier opens Indian railway control systems office
INDIA: Bombardier Transportation has opened a Rail Control Solutions engineering and product development office in Gurgaon, near Delhi. The site will have a particular focus on product development, testing, networking and cybersecurity. The company had already opened a dedicated rail control project delivery centre in Gurgaon in 2014. ‘We ...