Multimodal operator KTZ Express, subsidiary of Kazakhstan Railways, with the assistance of DB Schenker and air operator KLM, tested a pilot shipment of Hewlett Packard electronic equipment from China to Europe through Kazakhstan via rail and air transportation modes. JSC «KTZExpress» hopes to announce a regular “Rail-Air” route later in 2015. The
Polish track super structure systems provider TINES has signed a contract with Baku Metro (Bakı Metropoliteni) for the construction of 800 m long test section ballastless track (using Embedded Rail Systems - EBS). According to TINES, the technology were already used in the construction of Warsaw, Kiev and Almaty subways and was tested successfully
The Slovak rail infrastructure manager ZSR plans to invest from EU funds an amount of EUR 224 million in 2015. Among the railway modernisation projects the company aims to complete next are: – Beluša – Púchov (Modernization of railway track Nové Mesto nad Váhom – Púchov, km 100.500 – 159.100 for track speed of
Romanian state-owned railway freight operator, CFR Marfa estimates for 2014 a profit of RON 23.69 million (EUR 5.2 million), an income of RON 1.11 billion and expenses of RON 1.09 billion. The company has unpaid debt of over RON 208.5 million and receivables of RON 450.7 million. The Ministry of
The Greenbrier Companies announced that it has entered an agreement to acquire a 19.5% ownership in Amsted-Maxion Hortolandia, the leading railcar manufacturer in South America, for $15 million. The agreement also provides Greenbrier with an option to acquire an additional 40.5% ownership interest, to be exercised no later than September 30, 2017. The
Alstom has successfully delivered the signalling system equipping Hong Kong’s MTR West Island metro line which started passenger service on 28 December, 2014. Alstom’s cutting-edge signalling solutions boost the development of the Western District of Hong Kong bringing safe and reliable railway experience to passengers. Hong Kong’s West Island line
VTG AG completes acquisition of AAE – Ahaus Alstätter Eisenbahn Holding AG
Wagon leasing and logistics company VTG Aktiengesellschaft has successfully acquired leasing company Ahaus Alstätter Eisenbahn Holding AG (AAE). Following the approval of all anti-trust authorities concerned – Germany, Austria, Poland and Russia – the merger has been finalized and came into full effect in Hamburg on the 6th of January. VTG has acquired
Bulgaria’s National Railway Infrastructure Company (NRIC) has awarded Robel Bahnbaumaschinen a contract (10 lots) worth BGN 2.9 million (approximately EUR 1.5 million) for the delivery of railway maintenance equipment. The equipment must be delivered to NRIC’s unit in Vratsa. Source: seenews.com