The latest projects, trends and data from the rail industry
The latest project, trends and data from Rail Industry
In Numbers
$14.2m
Transport solutions provider Tracsis has bought US-based rail technology software and services provider RailComm in a deal worth up to $14.2m.
$22m
US-based infrastructure company Granite Construction has secured a $22m contract for the Metrolink station expansion project in Moreno Valley, California, US.
$260m
Construcciones y Auxiliar de Ferrocarriles has secured a $260m service contract from railway operator Saudi Arabia Railway.
$108m
UK-based Network Rail is set to invest £83m ($108m) on 530 projects to improve train services across the country.
$110.9m
The UK Government is set to invest £84m ($110.9m) to provide better train services for passengers in Manchester and North West regions.
$3.55bn
US-based freight railroad operator BNSF Railway Company is set to invest $3.55bn under its 2022 investment plan.
Projects
Kier wins Oxford railway station upgrade contract in UK
Construction and infrastructure services firm Kier Group has secured a contract from Network Rail for the next stage of a £65m modernisation project at Oxford railway station in the UK.
Under the contract, detailed design and enabling works will be carried out by Kier at Oxford railway station under the Oxford Corridor Phase 2 Project.
Source: Railway Technology
Malaysia’s MRT3 project to become fully operational by 2030
The Mass Rapid Transit 3 (MRT3) Circle Line project in the Malaysian capital of Kuala Lumpur is estimated to entail an investment of MYR31bn ($7.4bn).
Another MYR8.4bn ($2bn) is estimated for the land acquisition of the project, which involves the construction of a 51km line on the outskirts of Kuala Lumpur. The funding required for the project will be provided by the government and the private sector.
Source: Railway Technology
Keolis secures contract extension for Hyderabad metro in India
Transportation company Keolis has received a three-year contract extension for the Hyderabad automated metro system in the Indian state of Telangana.
Awarded by Hyderabad metro concession holder L&T Metro Rail Hyderabad, the extension will come into force on 29 November 2022. L&T Metro Rail Hyderabad is a unit of Larsen and Toubro (L&T).
Source: Railway Technology
In Quotes
Darren Caplan, Chief Executive of the British Railway Industry Association, Responds to the NIC Infrastructure Progress Review:
“The National Infrastructure Commission (NIC) is right to highlight the need for long term planning and clear funding commitments in rail, both of which are essential in building confidence in the supply sector and allowing it to deliver cost effectively, to time and to budget.
“Whilst the Integrated Rail Plan has offered more certainty to the rail industry, there is still further work to be done. In particular, the Rail Network Enhancements Pipeline – the list of rail upgrades planned over the coming years, including many of the projects in the Integrated Rail Plan – is still yet to be published, almost 900 days since the Government promised to. If the rail industry is going to have the clarity of future work the NIC mentions, it is vital the RNEP is published urgently.”
Source: PMLive
Manuel Cortes, TSSA General Secretary, Responds to the UK Department for Transport issuing a further fine to the former Go-Ahead Group franchise, London and South Eastern Railway:
“Southeastern Rail and its owners Go Ahead are a disgrace. This latest fine on a private operator is yet more evidence that rail needs to be run in the public interest under public ownership. Go-Ahead must be stripped of their other rail franchises.
“Private operators have time again failed our railways. It’s disgusting that privateers are allowed to abuse our public services like this. Rather than the frankly insulting title of ‘Operator of Last Resort’ it’s time that the Tory government faced up to the reality that public ownership of our railways is really the first and best choice.”
