Troubled Hungarian National Rail Seeks €325m Loan
The debt-ridden Hungrian national rail company MAV (Magyar Államvasutak) is seeking a €325m (HUF88bn) bank loan. If approved, half of…
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Swiss Rail Firm Orders New Inter-regional Trains
Swiss metro-gauge operator Zentralbahn has placed a $138m (CHF141m) order with Stadler for ten inter-regional electric trains. The fleet includes…
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Singapore Awards Last Two DTL2 Contracts
Singapore's Land Transport Authority has awarded two civil contracts totalling $476m (S$670.74m) to Austrian company Alpine Holdings for its under-construction…
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US Awards $100m Grant for Eco-Friendly Transport Projects
The US government has announced a $100m grant for 43 environmentally friendly transportation projects. The grant comes from the American…
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Initial Work on Tees Valley Metro Ready to Begin
Redcar and Cleveland Borough Council officials have announced that initial work on the first phase of the £140m Tees Valley…
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California Eyes More Than Half of $8bn Federal Rail Funds
The US State of California will apply for more than half of the $8bn federal stimulus money for high-speed rail…
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Upgraded Section Opens on NSW Pacific Highway
A new 7.5km section of the ongoing $262m Pacific Highway upgrade in New South Wales in Australia has opened to…
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Canadian Rail Operator to Upgrade Locos and Rolling Stock Fleet
Canadian rail operator VIA Rail has announced a $20m fleet renewal programme to overhaul a total of 99 vehicles. The…
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Track Installation Begins on Anacostia Streetcar Project
Track installation work has begun on the much-delayed $55m Anacostia streetcar project in Southeast Washington, US. The laying of tracks…
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Chinese Ministry Issues $4.4bn Bond to Fund Rail Construction
China's Ministry of Railways (MOR) has begun raising $4.41bn (CNY30bn) to fund railway construction in the country by floating the…