News in Numbers
$7.6bn
The EU has announced more than €7bn ($7.6bn) in grants supporting transport projects as part of its Connecting Europe Facility, primarily focusing on addressing climate change and encouraging sustainable travel.
$2.3bn
Etihad Rail will spearhead a major new railway network in Jordan as part of a $2.3bn investment by the UAE into the country’s mining and railway sectors.
$1.3bn
US national rail company Amtrak has broken ground on a $1.3bn project constructing a new Connecticut River Bridge on the Northeast Corridor.
$1.1bn
The Public Transport Authority of Western Australia has enlisted Alstom and DT Infrastructure to deliver an AUD1.6bn ($1.1bn) signalling upgrade project for Perth’s suburban rail network.
$1bn
South Africa’s troubled national logistics and freight company Transnet has received a boost in its business recovery plan after securing a $1bn loan from the African Development Bank Group to support the first year of its capital investment plan.