Bombardier’s share of the contract is valued at $213m, while the remaining $127m is shared by Alstom.
The rail bogies and motors required for the trainsets will be supplied by Alstom, which will also be responsible for train control, communication, passenger information and video surveillance systems development.
The AZUR trainset fabrication and assembling works will be carried out at Bombardier’s manufacturing facility in La Pocatière, Canada.
Akiem has awarded two frame contracts worth €112m ($128m) to Bombardier Transportation for the delivery of 33 TRAXX locomotives.
The delivery includes TRAXX MS 2 (multi-system), TRAXX AC 3 (alternating current) and TRAXX DC3 (direct current) locomotives.
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The TRAXX MS is an electric locomotive, which will be deployed on four fully-electrified main rail networks in Europe. The other two are diesel-run locomotives designed to operate on non-electrified routes.
Akiem is expected to take delivery of the units between 2019-21.
Porterbrook, a leasing company based in the UK, has secured gross proceeds worth £250m ($324.57m) through a private placement of senior secured notes.
Porterbrook Rail Finance is the issuer of the senior secured notes, which will mature in 2028.
The funding round saw the participation of institutional investors from the US, UK, Canada and Switzerland.
Proceeds will be used for the refinancing of Porterbrook’s 2019 public bond.
The European Bank for Reconstruction and Development (EBRD) has granted a $150m senior loan to Ukrainian Railways (UZ) for the acquisition of 6,500 general-purpose open freight gondola-type wagons.
The proposed acquisition is intended to enhance the overall service and efficiency of the rail operator.
Wagons will be acquired by UZ through an open international tender process.
The Japan International Cooperation Agency (JICA) has agreed to offer a loan of JPY38.101bn ($330m) to the Government of the Philippines for the development of Manila Metro Rail Transit System.
The Manila Metro Rail Transit System is also referred to as Metro Rail Transit Line 3 (MRT Line 3).
The loan will be awarded as official development assistance (ODA) to carry out rehabilitation works using Japanese diagnostic technology.
The loan has a term of 40 years and a grace period of 12 years.
Scheduled to be completed by 2021, the project will reduce disruptions and enhance the operational efficiency of MRT Line 3.
Metropolitan Transportation Authority (MTA), a state-owned public transport agency in New York, intends to take over certain rail assets for $35m.
The assets to be acquired include the Grand Central Terminal, Metro-North’s Harlem Line and Midtown Trackage Ventures’ Hudson Line.
The Finance Committee of MTA Board has approved the acquisition, which is yet to receive full board approval.
Predictive maintenance solutions provider infraView has been acquired by DB Engineering & Consulting, a subsidiary of Deutsche Bahn (DB).
Financial terms of the transaction have not been disclosed.
Digital solutions developed by infraView will be used for rail vehicle monitoring, evaluation and analysis.