Railway supply industry news – Page 98
-
NewsQatar metro and light rail operating contract awarded
QATAR: Public transport authority Qatar Rail has awarded the RKH Qitarat joint venture between a consortium of RATP Dev and Keolis (49%) and local construction, property and trading business Hamad Group (51%) a contract to operate and maintain the Doha metro and Lusail light rail networks. The contract awarded on ...
-
NewsAngel Trains raises £1·1bn to support ‘appetite to compete’
UK: Rolling stock leasing company Angel Trains Group announced on December 6 that it had secured £835m of new funding to refinance the procurement of 665 Bombardier Transportation Aventra electric multiple-unit cars that will be leased to Abellio for use on the East Anglia franchise from 2019. It said the ...
-
NewsHelsinki and Bombardier agree Variotram settlement
FINLAND: Helsinki transport authority HKL and Bombardier Transportation have reached an agreement which will see the 40 Variotrams withdrawn from service in the Finnish capital by the end of 2018. The Variotrams were delivered by Adtranz (later Bombardier Transportation) in 1998-2003, but the track profiles and operating conditions on Helsinki’s ...
-
NewsUber and Citymapper become UITP members
INTERNATIONAL: App-based services Uber and Citymapper are among the first members to join the International Association of Public Transport’s Digital Platforms category, UITP announced on December 4. UITP has created the new membership category specifically for online platforms that facilitate access to transport services on a business-to-business, business-to-customer or ...
-
Metro Report InternationalChinese urban rail vehicle supplier set up
CHINA: China Railway Group subsidiary China Railway Hi-Tech Industry Corp and Changzhou Tiansheng New Materials have announced their intent to establish a joint venture for the production of urban transport vehicles. China Railway New Rail Transit Vehicle Co is to have its main production facility in Changzhou National Hi-tech ...
-
NewsNacala investment package complete
MOZAMBIQUE: Brazilian mining and steel group Vale has signed binding financial contracts which complete the investment structure for the Nacala Logistics Corridor. Announced on November 27, the deal covers US$1·03bn from Japan Bank for International Co-operation, a US$1bn loan insured by Nippon Export & Investment Insurance and a US$400m loan ...
-
NewsToshkent plant produces coaches for export
UZBEKISTAN: Toshkent Plant for the Construction & Repair of Passenger Cars is to deliver the first batch of coaches built to its own design for export. National railway UTY said the plant was improving its capabilities every year, and its ‘Made in Uzbekistan’ Type 61-911 open and Type 61-907 ...
-
NewsPPF Group buys Škoda Transportation
CZECH REPUBLIC: Investment company PPF Group has acquired rolling stock manufacturer Škoda Transportation under an agreement finalised overnight on November 24-25. Although the purchase price has not been formally announced, it is understood to be in excess of KC10bn. In 2016 Škoda Transportation reported consolidated sales of KC15·7bn, down by ...
-
NewsRailway supply industry news round-up
Visa has launched Visa Global Transit Solutions with the aim of accelerating the roll-out of bank card payment on public transport. ‘We want to make the transportation experience faster, easier and more secure whether someone is traveling by car, flying on holiday or taking public transportation to work‘, said Michael ...
-
NewsHyundai Rotem EMU maintenance contract extended
UKRAINE: Hyundai Rotem’s contract to maintain the 10 nine-car inter-city electric multiple units it supplied to Ukrainian Railways has been extended for a further five years, the Korean company announced on November 22. The extension from 2022 to 2027 is worth 65bn won. The 160 km/h EMUs were ordered in ...
-
NewsProgress Rail to acquire Downer EDI’s freight activities
AUSTRALIA: Downer EDI announced on November 21 that it had signed an agreement to sell its freight business to Progress Rail for A$109m. The sale of the freight rolling stock, aftermarket and services activities is expected to close in January. It includes customer contracts, 15 facilities including those at Malaga, ...
-
Metro Report InternationalMBTA’s CharlieCard to be replaced under PPP contract
USA: Massachusetts Bay Transportation Authority has selected Cubic Transportation Systems and John Laing as preferred bidder for a PPP contract to design, supply and operate a multimodal fare payment system. This will include account-based ticketing with mobile and contactless bank card options, as well as dedicated fare media for those ...
-
NewsSiemens to develop Queensland ETCS hub
AUSRAIL: In a ceremony during the first day of the AusRail Plus 2017 exhibition, Siemens announced on November 21 that it is investing A$4·8m to develop an ETCS technology centre in Brisbane, to support its signalling activities across Australia, New Zealand and the Southeast Asia region. The company said it ...
-
NewsArtesyn enters Indian rail market
INDIA: Artesyn Embedded Technologies is to collaborate with Lab To Market Innovations to bring its ControlSafe range of SIL4 computing platforms to the Indian rail market. ‘The ControlSafe portfolio is designed for a wide range of onboard and wayside applications and is already saving integrators years of time-to-market and millions ...
-
NewsGroupe Eurotunnel rebrands as Getlink
EUROPE: Channel Tunnel concessionaire Groupe Eurotunnel changed its name to Getlink with effect from November 20, saying the new brand reflected ‘the dynamism of connection and exchange’. Getlink is the parent company for four brands: Channel Tunnel operator Eurotunnel, French private rail freight operator Europorte, railway training centre CIFFCO, and ...
-
NewsABB 'realigns' transformer manufacturing activities
ABB: A ‘strategic realignment’ of ABB's transformer manufacturing activities was announced on November 6, reflecting what the company said was a ‘dynamic market environment marked by increasing competition and consolidation in the rail industry.’ In the USA, the company is to consolidate power transformer manufacturing at its South Boston and ...
-
Metro Report InternationalCubic touches in to extended London ticketing contract
UK: Transport for London has awarded Cubic Transport Systems a three-year extension to its revenue collection services contract, which covers the operation and maintenance of the multi-modal Oyster smart card and contactless ticketing systems. The deal announced on November 16 is worth US$185m, and means that Cubic will now manage ...
-
NewsPandrol unifies branding
PANDROL: The rail activities of the Delachaux Group are to be unified under the Pandrol brand name, the company announced on November 17. As well as the eponymous rail fastenings business, Pandrol will also be the brand used by the Railtech, Vortok, Pandrol CDM Track, Rosenqvist, Matweld and RSS divisions. ...
-
NewsRailway supply industry news round-up
Between April 1 and September 30 Alstom booked €3·2bn of orders, down 49% on the same period the previous year. Sales were up 5% at €3·8bn, and adjusted EBIT increased 16% to €231m, leading to an adjusted EBIT margin of 6·2%. Net income reached €213m. ‘These six first months were ...
-
Metro Report InternationalHannover transport operator signs IT development agreement
GERMANY: Hannover city transport operator Üstra and IVU Traffic Technologies have signed a co-operation agreement aimed at developing and testing software for public transport operators. IVU product developers would work on site with Üstra’s IT department to identify early needs and develop products. IVU says that working closely with ...