RDIF and Siemens sign deal for $4.5bn high-speed rail link in Russia
Russian Direct Investment Fund (RDIF) has signed an agreement with Germany’s Siemens Mobility to develop RUR300bn ($4.5bn) Ural High-Speed Rail project in the country.
India’s first semi-high speed train begins commercial operations
India has started commercial operations of its first semi high-speed train called ‘Train 18’.
Balfour Beatty secures £220m London Underground track renewal contract
Balfour Beatty has secured a contract worth around £220m from Transport for London (TfL) to deliver London Underground track renewal works.
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.