MTA needs USD 4 billion in federal funding
The Chairman of New York Metropolitan Transportation Authority, MTA, has urgently requested more than USD 4 billion in federal aid […]
Financial
European funding for urban rail projects in Poland
The European Commission has approved, through the Cohesion Fund a EUR 199 million funding for the modernisation of four railway […]
European funding for Croatia’s EMU procurement
Croatia has received EUR 119.3 million from the Cohesion Fund for the procurement of 21 new electric trains to modernise […]
EUR 690 million funding approved for European railway projects
Through the Cohesion Fund, an investment of more than EUR 690 million was approved by the European Commission to fund […]
USD 248 million for rail improvements in the U.S.
U.S. Department of Transport has announced the winners of the USD 248.5 million in grant funds under the Consolidated Rail […]
Turkish company signs major contract in Croatia
HŽ Infrastruktura, Croatia’s railway infrastructure manager, awarded Cengiz Insaat Sanayi ve Ticaret a HRK 2.4 billion (EUR 318.2 million) contract […]
Funding approved to increase Tyne and Wear Metro capacity
A £100 million (EUR 114 million) funding scheme was agreed by the UK government to increase service frequency, reduce journey […]
Midlands Rail Hub secures government funding
Midlands Connect’s Midlands Rail Hub plans were awarded a £20 million (EUR 22.8 million) in the Chancellor’s Budget, taking the […]
Increased costs for Shatin – Central Link
MTR Corporation has reviewed the completion costs of the Hong Kong’s Shatin – Central Link project reaching HKD 83 billion […]
British Steel acquisition completed
Chinese steelmaker, Jingye Group, has completed the acquisition of British Steel’s UK and Netherlands assets from the Official Receiver, with […]