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UK Chancellor’s Budget awards £20 million to Midlands Rail Hub
The £20 million investment accommodates Midlands Connect's desire to accelerate the planning and delivery of the Midlands Rail Hub as soon as possible.
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Funding & Finance
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Hyper Poland achieves €451,000 investment target 10 days after launch
The funding will enable Hyper Poland's testing and development of the next generation of high-speed railways, based on magnetic levitation.
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Midlands Connect calls for UK government to support Midlands Engine Rail
Midlands Connect states that financial support for the Midlands Engine Rail project will result in a wide range of benefits, including maximising the impact of HS2.
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Scottish government dedicates funding for freight modal shift
£1.49 million in a Freight Facilities Grant has been allocated to Tarmac for the expansion of rail operations to accommodate additional freight.
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Welsh train stations miss out on UK Government accessibility improvement funding
The Welsh Government is disappointed that three out of seven recommended stations on the Wales & Borders network have missed out on UK Government funding.
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Hyper Poland seeks further funding for next generation high-speed rail testing
The Warsaw-based start-up is looking to raise €452,000 to fund continued testing and development, based on magnetic levitation, linear motor and autonomous control systems.
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£20 million funding boost announced for Great Britain station accessibility improvements
Disabled passengers across Great Britain are set to benefit from accessibility improvements at 124 stations thanks to a £20 million government fund announced by the UK's Transport Secretary, Grant Shapps.
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Funding legislation unveiled for completion of California high-speed rail
The new legislation will provide $32 billion through to 2024 to help support the completion of California’s High-Speed Rail project.
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Tanta–El Mansoura–Damietta rail project in Egypt supported by EIB
The EIB agreement will see up to €1.5 million in grant finance support the redevelopment of 118km of line between Tanta and Damietta.
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XRAIL secures funding from HSBC UK for expansion into Saudi Arabia
The funding contract will help XRAIL to deliver its maintenance requirements for its Saudi Arabia’s Haramain High Speed Railway contract.
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“2020 must be the year of rail”: Philippe Citroën, UNIFE Director General
Philippe Citroën, Director General of UNIFE (the Association of the European Rail Industry), writes that there are several factors the rail industry must focus on during 2020 to prove the value of rail transport and its potential to support a sustainable, interoperable, digital and integrated mobility system.
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Norfolk Southern supports almost $2 billion of industrial development
The investments are expected to create over a thousand jobs and generate more than 62,300 carloads of new rail traffic for Norfolk Southern annually.
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Connectivity to be improved as UK government set to restore historic lines
£500 million has been pledged by the government to put historic rail lines back into operation, improving connectivity for communities across the country.
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Midlands Connect Chairman raises HS2 delay concerns to Boris Johnson
Sir John Peace has written to Britain's Prime Minister Boris Johnson, warning him that any delay or downgrade of High Speed Two (HS2) would be a betrayal of the Midlands and the North, and urging him to publish the Oakervee review in full as soon as possible.
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€86 billion modernisation programme approved for German rail network
The LuFV III programme will modernise and renew the infrastructure of the current rail network in Germany, including tracks, stations and signalling.
