China and Myanmar to conduct feasibility of study Muse-Mandalay railway.(www.railway-technology.com)

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.

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