Sumitomo acquires stake in Manila LRT-1 operator
Sumitomo has indirectly acquired about 19.2% shares of Light Rail Manila Corporation (LRMC) which operates and maintains Manila LRT-1 line. […]
Financial
New federal funding for rail transit projects in the US
The Federal Transit Administration (FTA) will provide USD 891 million new funding for transit systems in the US, supporting the […]
Victoria extends incentive scheme to boost rail freight transport
The Victorian government has extended the Mode Shift Incentive Scheme (MSIS) designed to shift road transport to railways. Extended until […]
Loan agreements signed for Trenitalia fleet renewal
EUR 800 million loan agreements for Trenitalia were recently signed by FS Italiane and three financial institutions for rolling stock […]
Updated transport strategy for Los Angeles unveiled
LA Metro published an updated draft of its 2020 Long Range Transport Plan which (LRTP) is a USD 400 billion […]
Grants awarded for Northeast Corridor modernisation
The Federal Railroad Administration (FRA) provided Amtrak two USD 63 million grants for Northeast Corridor rehabilitation project which has a […]
EU recovery instrument supports sustainable transport
The European Commission has proposed a EUR 750 billion Next Generation EU plan which “can build a green, digital and […]
Increased railway investment approved in the Czech Republic
The government of the Czech Republic has increased the railway investment budget by CZK 3.5 billion (EUR 128.6 million), to […]
Wellington prepares train procurement process
Waka Kotahi NZ Transport Agency provided Greater Wellington and Horizons Regional Councils a NZD 5 million (USD 3 million) to […]
Greenbrier amends its agreement with GIMSA JV
To reduce coronavirus pandemic effects, The Greenbrier Companies has amended its 50:50 joint venture agreement with Grupo Industrial Monclova (GIMSA) […]