Momentum Trains wins $900m regional rail fleet delivery contract
The consortium of Momentum Trains has secured an A$1.26bn ($900m) contract from the New South Wales government in Australia to deliver a new regional rail fleet.
California plans to scale back $77.3bn high-speed rail project
The US state of California is set to significantly reduce the scope of its $77.3bn high-speed rail project due to spiralling costs, delays and lack of transparency.
BNSF to invest $3.57bn on railway networks this year
US-based freight railroad network BNSF Railway Company is set to invest $3.57bn on railway networks this year.
Report states that Turin-Lyon high-speed rail will not be profitable
A report commissioned by the Italian Government has stated that the planned Turin-Lyon high-speed rail will not be profitable and will have a ‘strongly negative’ financial return.