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ÖBB receives €80 million in financing for new electric multiple units
KfW IPEX-Bank will provide the €80 million finance for ÖBB's EMU project, which is also being financed in part by the European Investment Bank.
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Funding & Finance
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Research focuses on cost-efficient electrification of UK rail network
Demonstrating cost-efficient electrification has been a key component of moving away from the more traditional pattern of boom-and-bust infrastructure building.
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Lab by Transport for Wales announces second innovation winner
The winner will be awarded £25,000 to develop their product further, having received dedicated mentoring from business experts over the 12 week course.
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UK digital signalling project gains additional £1.2 million in government funding
The funding will accelerate feasibility work for digital signalling on vital sections of the West Coast Main Line, Midland Main Line and East Anglia route.
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USHSR publishes 5-Point High-Speed Rail Plan for Biden Administration
USHSR's plan includes the creation of a new High-Speed Rail Development Authority and funding for top and second tier priority projects.
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Lab by Transport for Wales start-ups ready to pitch their products
The 11 start-ups - some of the brightest tech talent from across Wales and the UK - have received dedicated mentoring from business experts to develop their products, ideas and innovations.
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Railway financing – expand your scope, you’ll need it
Martha Lawrence and Helena Goetsch from the World Bank explain that railways can tap into private sector financing for much needed investment, using a variety of instruments at sovereign, corporate and project levels. But the keys to unlocking that financing are funding and risk mitigation.
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Reinventing the way the United States does transportation
The High Speed Rail Alliance is driving the conversation for high-speed trains across North America. Executive Director, Rick Harnish, writes that now is the time to push forward a vision for – and to demand – high‑speed rail.
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Hull Trains to temporarily suspend all train services for second time in 2020
As a result of the UK government's decision to place England into a second lockdown, Hull Trains will temporarily suspend its services in order to safeguard the future of the business.
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Grant funding announced to upgrade rail network across nine U.S. states
U.S. Secretary of Transportation, Elaine L. Chao, has announced $291 million in ‘State of Good Repair’ grants to improve the reliability and safety of America’s rail network.
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The future of rail in the Czech Republic
Karel Havlíček, the Czech Republic’s Minister of Transport, explains that it is a government priority to continue to invest in and improve rail transportation across the country, with projects to strategically develop high-speed rail connections and plans to improve network capacity with the segregation of passenger and rail freight transport.
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ARA calls for Australian rail innovation to be a national priority
The Australasian Railway Association has said that prioritising innovation will provide the certainty needed to support increased private sector investment and would drive skills development and jobs creation in the rail industry.
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Only 37 per cent of eligible delay repay passengers claiming refunds in UK
Transport Focus has outlined that improved reliability and a simpler delay repay claims process can help increase confidence in the railway.
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Network Rail spending with SMEs exceeds £2.5 billion for first time
This figure means that Network Rail is ahead of the UK government target to spend 33 per cent of expenditure with SMEs by 2022.
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Southampton rail freight services to receive £17 million investment
The UK government is investing £17 million into track and signalling infrastructure to support the lengthening of freight trains at Southampton's docks.
