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‘Swift action’ called on to safeguard future of Eurostar
An open letter written to the UK's Chancellor and Secretary of State by London’s business leaders, has urged the government to step in and offer financial assistance to Eurostar.
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Funding & Finance
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Lineas secures additional financing to support continued international growth
In support of its international growth strategy and to strengthen its financial protection from COVID-19, Lineas has secured €60 million in additional funding.
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Railpool to benefit from large-scale financing for rail vehicle acquisition
Railpool will recieve a total of €150 million from four banks for the acquisition of new rail vehicles over the course of seven years.
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$40m in grants awarded to improve road-rail crossing safety in five States
The grants will help commuter rail authorities in California, Massachusetts, New York, Pennsylvania and Washington eliminate hazards at highway-railway crossings.
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Investment in rail research could ‘level up’ Northern England economy, according to report
According to a new study, UK government investment into rail research at the Universities of Leeds and Huddersfield would deliver significant benefits to the North of England's economy.
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Hull Trains and Grand Central temporarily suspend services once again
Following England being placed into a third national lockdown, Hull Trains and Grand Central have again announced a period of hibernation.
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HS2 publishes update on development progress in 2020
The update from HS2 includes figures regarding recruitment and apprenticeships, sustainability, construction and rail freight.
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Most read articles of 2020 – Global Railway Review’s Top 10
Take a look at Global Railway Review's most read articles of 2020, including Scotland’s ambition to deliver a decarbonised rail network, the feasibility of a high-speed rail service between Chicago and NYC, and the opportunities for using big data analytics on India’s national railway network.
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Global Railway Review’s top 10 news stories of 2020
Take a look at Global Railway Review's most read news stories of 2020, including an app to help social distancing on trains, the world’s first two hydrogen trains successfully completing trial passenger services, and American high-speed rail project developments.
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DfT and FirstGroup reach agreement on future of SWR and Avanti
The agreement with DfT has outlined that FirstGroup will not be required pay a pre-existing franchise agreement termination sum for Avanti, but must pay a contribution of £33.2 million for SWR.
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Amtrak completes $71.2 million capacity project between Wilmington and Newark
The project involved the installation of 1.5 miles of a new, electrified main line third track, enabling Amtrak to eliminate a previous two track bottleneck.
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£85 million funding and financing package for final phase of Crossrail confirmed
After the announcement in August 2020 that Crossrail Ltd would require funding beyond the original agreed funding envelope, a new £85 million package has been agreed upon.
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Fifteen schemes given funding to restore historic rail lines and stations across England
Fifteen rail schemes across England have been awarded up to £50,000 to accelerate plans that could restore lines and stations to communities, including those closed during the Beeching cuts.
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Amtrak reveals urgent funding is required to support services in 2021
Despite delivering safety improvements and fast-tracking technology projects during the pandemic, Amtrak's President and CEO has said that without additional funding for 2021, the corporation may be forced to further reduce services, defer critical capital projects and make more job reductions.
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Calls made for over £2.4 billion underinvestment in Welsh rail to be addressed
The Welsh Minister for Transport has called on the UK government to “put right” its neglect and underinvestment in Welsh railways.
