Today, Meridiam announced that the Purple Line light rail transit project has successfully reached financial close. This operation secures funding for the remainder of construction and for future operations and maintenance. Full-scale construction of the light rail, which represents total investments of more than USD 2.5 billion, will now resume […]
Year: 2022
The U.S. Department of Transportation announced Thursday that it would provide up to $1.76 billion in low-interest loans for the Purple Line Light Rail Transit Project in Maryland. The loan is part of the Build America Bureau program and will be awarded to the Purple Line Transit Partners to finance […]
Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced today the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The acquisition is subject to customary closing conditions and financial […]
Alstom has revealed that consortium ONxpress Transportation Partners has signed the project agreement for the On-Corridor Works Project of the GO Expansion program following a procurement process led by Metrolinx and Infrastructure Ontario. The ONxpress Transportation Partners consortium comprises Alstom, Aecon Group, Deutsche Bahn International Operations and FCC Construcción. The […]
Today, the world economy consumes more than 100 billion tons of materials every year – minerals, ores, fossil fuels, crops, and trees. The materials used by the global economy have grown fourfold since 1970—much faster than the population, which has doubled. Between 2018 and 2020, the consumption of natural resources […]
The objective of Europe’s Rail Joint Undertaking is to deliver a high capacity integrated European railway network by eliminating barriers to interoperability and providing solutions for full integration, covering traffic management, vehicles, infrastructure and services, aiming to achieve faster uptake and deployment of projects and innovations. That should exploit the […]
The work of efficiently moving freight across the nation begins in rail yards. At these busy hubs of activity, rail employees sort rail cars to build trains bound for other destinations and transfer containers and trailers between trucks and rail to deliver the goods our national economy requires. A large […]
The New Zealand capital of Wellington has shortlisted four possible public transport options as part of its “Let’s Get Wellington Moving” scheme. The four are: South coast light rail + new public transport tunnel: This would allow passengers to travel between the Island Bay and surrounding suburbs with the choice […]