News in Numbers

The European Rail Supply Industry Association has emphasised the need for a €3bn ($3.83bn) investment in a dedicated Rail Research Programme within the upcoming EU Budget.

Hyundai Rotem, the train manufacturing arm of Hyundai Motor Group, has secured a KRW2.2tn ($1.53bn) contract to supply advanced double-decker electric trains to Morocco’s national railway operator, ONCF. 

Network Rail has announced the awarding of contracts valued at up to £1.1bn ($1.44bn) to four companies for the provision of on-track maintenance machines essential for the upkeep of the UK railway system. The selected suppliers are Balfour Beatty Rail, Colas Rail, Swietelsky Babcock Rail (SB Rail), and VolkerRail Specialist Businesses.

The Tanzania-Zambia Railway Authority is set to receive an investment of more than $1.4bn from the China Civil Engineering Construction Corporation to revitalise its railway infrastructure and operations. The funding will be used for comprehensive rehabilitation and procurement of new rolling stock under a 30-year concession arrangement.

ST Engineering’s Urban Solutions business has secured a contract worth S$1.4bn ($1.03bn) from the Rapid Transit System Bureau of Taichung City Government in Taiwan to deliver comprehensive rail services for the upcoming Taichung MRT Blue Line.