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ORR publish report on Network Rail’s efficiency and financial performance
ORR’s report shows that despite Network Rail’s efficiency improvements, their wider financial performance missed its target by £487 million in 2021-2022.
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Funding & Finance
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HS2 launch search for manager to run new Innovation Investment Fund
The chosen fund manager will act on behalf of partnership members to invest in transport construction start-ups working to deliver Britain’s new high-speed rail network.
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USDOT to expand financing programme for infrastructure projects
USDOT’s Transportation Infrastructure Finance and Innovation Act programme is designed to help reduce costs and speed the delivery of infrastructure projects.
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$330 million Auckland rail network rebuild to begin in 2023
KiwiRail will begin a $330 million rail network rebuild across Auckland in early 2023 which will help to future-proof the rail network for decades to come.
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BNSF to build state-of-the-art integrated rail facility in Southern California
BNSF are investing more than $1.5 billion to construct a new, first-of-its-kind integrated rail complex in Barstow.
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RIA calls on Government to reduce rail uncertainty
On the eve of the new Transport Secretary’s speech at the 2022 Conservative Party Conference, the RIA has called for the UK Government to provide more certainty to the rail industry.
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Oman-UAE rail network project discussed at inaugural meeting
The Oman Rail-Etihad Rail JV Company Board of Directors discussed implementation plans and technical studies to progress development of a joint railway network between the two countries.
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Three companies nominated for 2nd tender round of Rail Baltica mainline in Latvia
Companies from Italy, France, and Spain have been nominated for the 2nd round of construction supervision services for the Rail Baltica main line.
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Global Railway Review Weekly News Roundup
Craig Waters, Editor of Global Railway Review, explores what made the headlines in the rail industry during week 26-30 September 2022.
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New report urges UK Gov to harness private sector to deliver rail growth
Rail Partners have published a report which outlines how private operators can support Government ambitions for growth and net zero.
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Patriot Rail to acquire Delta Southern Railroad
Patriot Rail are to acquire Delta Southern Railroad as they look to enhance their presence for passengers in Louisiana.
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Platform removal completed at Cameron Bridge
Network Rail have completed the removal of the old station platforms at Cameron Bridge, clearing the way for the next stages of track work.
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Survey shows Midland’s businesses are all for rail improvements
A Midlands Connect survey showed that 83 per cent of businesses stated that rail improvements would result in them and their employees using rail more.
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Global Railway Review at InnoTrans – Day three recap
During the third day of InnoTrans 2022, the Global Railway Review team have been in Berlin to break the latest news.
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CREATE programme receives $70 million grant for Chicago’s Westside project
The new federal grant will allow a $170 million project to bring rail and viaduct improvements and jobs to Chicago’s West Side community, with $80 million in local contracts and employment already underway.
