China and Myanmar to conduct feasibility of study Muse-Mandalay railway
China Railway Eryuan Engineering Group and Myanmar Railways have signed a memorandum of understanding (MoU) to carry out a feasibility study of the Muse-Mandalay railway line.
ITE Rail Fund subsidiary to acquire American Railcar for $1.75bn
An unnamed subsidiary of ITE Rail Fund has signed a definitive agreement to acquire American Railcar Industries (ARI) for around $1.75bn, including debt.
Raffles signs $865.7m contract for railway construction in China
Raffles (Chengdu) Investment and Development has signed a framework agreement to construct a 70km tourist railway in China, with an estimated contract value of CNY6bn ($865.7m).
X Train buys Affiliated Passenger Car Fleet
Las Vegas Xpress (LVXI) operator X Train has acquired the Affiliated Passenger Car Fleet from United Rail for an undisclosed sum.