View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
June 1, 2017

Deals this week: NGE group, GE Consortium, Dover & Rockaway

A consortium led by NGE group has been selected by the Greater Avignon Agglomeration and Tecelysto to perform civil and track works for the Avignon tramway project in France.

A consortium led by NGE group has been selected by the Greater Avignon Agglomeration and Tecelysto to perform civil and track works for the Avignon tramway project in France.

Other partners in the consortium include Alstom, Guintoli, EHTP and Agilis.

The arrangement will see the NGE-led group design, supply and install 5.4km of civil works, 10.8km of track and eight corresponding track turnouts, as well as ten stations and a maintenance centre.

GE Consortium has secured a deal from Nigerian Railway for the rehabilitation, financing and operation of the country's 3,505km narrow-gauge railway system.

The consortium also includes SinoHydro and Transnet.

Lagos-Kano-Nguru (Western) and Port Harcourt-Kaduna Junction (Eastern) lines will be refurbished as part of the project, in addition to the main spur line from Kafanchan to Maiduguri and various associated spur lines.

"The Government of New Zealand has announced a $384m funding plan to maintain and upgrade rail networks and freight movement capabilities across the country."

The Morris County Board of Freeholders has awarded Dover & Rockaway (D&R) a five-year railroad operations management deal to operate three rail lines in Morris County, New Jersey, US.

D&R will operate the Dover & Rockaway, High Bridge Branch, and the Chester Branch freight lines under the agreement. 

These lines are currently being operated by the previous contractor Morristown & Erie Railway, whose tenure is set to expire on 30 June.

The Government of New Zealand has announced a $384m funding plan to maintain and upgrade rail networks and freight movement capabilities across the country.

KiwiRail is set to receive $315m of the total sum over the next two financial years.

The funds will be used to upgrade rolling stock and the entire rail network to ensure that it continues to remain profitable.

The government will also provide $69m for Wellington’s metro rail network, which will see the replacement of timber poles and overhead wires that are used power trains on the Hutt Valley, Melling and Johnsonville rail lines.

Korea Railroad Corporation has raised a total of $118.24m through a public offering of 2.6% notes, due 2023.

Nomura International was the book runner for the offering.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The railway industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Railway Technology