April's top stories: Canada's GO Transit Regional Express project and SNCB received €600m EIB loan
Canada is set to invest more than $1.35bn in the GO Transit Regional Express rail project and Belgium's Société Nationale des Chemins de fer Belges (SNCB) secured a €600m loan from EIB to invest in modernising rolling-stock. Railway-technology.com wraps up the key headlines from March.
The Government of Canada has agreed to invest more than C$1.8bn ($1.35bn) in the GO Transit Regional Express rail project being developed in the Greater Golden Horseshoe Area.
The investment is planned to be offered through the New Building Canada Fund and will support a modern transit system.
The new project is expected to provide faster commute, which will help in spending less time in traffic.
Belgium's state-owned Société Nationale des Chemins de fer Belges (SNCB) secured a loan of €600m from the European Investment Bank (EIB) to invest in modernising rolling-stock.
Beginning September next year, the new trains are set to provide comfort, service, and safety to rail users across Belgium.
The 25-year financing by EIB will cover part of the order placed by the SNCB with Bombardier-Alstom for 445 double-decker M7 railcars.
Luxembourg-based rolling-stock leasing company Alpha Trains purchased ten new Vectron Multisystem locomotives.
The company bought the first two trains from Siemens and they were directly handed over to TX Logistik.
Both units were built and handed over at the Siemens manufacturing plant located in Munich-Allach, Germany.
US-based Greenbrier and Japanese company Mitsubishi UFJ Lease & Finance (MUL) signed a memorandum of understanding (MoU) for more than $1bn in North America.
Under the MoU, MUL proposes to grow its portfolio from 5,000 railcars to a total of 25,000 over the next four years.
The company plans to purchase 6,000 newly-manufactured units from Greenbrier through to 2020.
The Asian Development Bank (ADB) is set to provide an $80m loan towards the electrification of 145km of railway in Uzbekistan that connects Pap, Namangan, and Andijan cities.
The electrified track will form a part of the Central Asia Regional Economic Cooperation (CAREC) Corridor 2.
The Government of Victoria in Australia received final bids for the A$6bn ($4.49bn) Metro Tunnel and Stations Public Private Partnership (PPP).
Melbourne's Metro Rail Authority will assess the bids received from three shortlisted consortia, which includes both Australian construction firms and those based worldwide.
Continuum Victoria consortium consists of Acciona Infrastructure, Ferrovial Agroman, Honeywell, Downer EDI and Plenary Origination.
Subterráneos de Buenos Aires (SBASE) was awarded a €17m contract to Alstom to renew the power supply for Line B of the metro network in Argentina.
The contract is expected to be completed in approximately 14 months and was awarded through an international public tender process.
GE Transportation completed an acquisition of a 50% interest in locomotive manufacturer Lokomotiv Kurastyru Zauyty (LKZ) from Kazakhstan's national railway company KTZ.
LKZ was formed in 2009, and is jointly owned by KTZ and Russia’s rail equipment producer Transmashholding (TMH).
The company manufactures GE Evolution Series locomotives for freight and passenger transportation in Kazakhstan and the wider CIS region.
Stadler signed an agreement to deliver up to 40 six-car double-deck Kiss electric multiple units (EMUs) to Hungary's national passenger operator MÁV-START.
MÁV-START has an obligation to order a minimum of ten EMUs from Stadler under the new arrangement.
The value of the first order is expected to amount to €195m, including training and spare parts.
Malaysia’s MyHSR awarded its reference design consultant (RDC) contracts for the Kuala Lumpur-Singapore High-Speed Rail (HSR) project.
Consultants Systra, Jacobs Engineering Services, Ranhill Consulting, HSS Integrated, and Aecom Perunding will prepare the reference design for the high-speed rail civil infrastructure, as well as seven stations in Malaysia.
The tender for the RDC contracts was conducted by MyHSR through an international open tender process that started in August last year.