Investor acquires Sierra Railroad Co and hydrogen loco subsidiary
USA: Investment firm Ridgewood Infrastructure has acquired a controlling interest in Californian shortline Sierra Railroad Co and its Railpower subsidiary which developed and operates a hydrogen fuel cell powered locomotive.
Eurofima targets tram and metro financing in strategic rethink
EUROPE: Supra-national rolling stock financing body Eurofima has revised its long-term business strategy to target the urban public transport market by underwriting investment in metros and light rail.
Competition rulings open Italian domestic high speed rail market
ITALY: Competition authority AGCM has upheld a complaint against infrastructure manager RFI, finding that its procedures for allocating capacity on high speed lines were hindering new operators’ access to the network.
Urban transport industry news round-up
This week’s round-up of news from the urban transport sector.
Northern Powerhouse Rail needs cross-government working and stronger ties to economic strategy
UK: The National Audit Office has made an assessment of the Department for Transport’s progress in establishing the Northern Powerhouse Rail programme.
‘We are interested’: private sector assesses South African freight and high speed rail proposals
SOUTH AFRICA: Transnet Rail Infrastructure Manager is seeking private sector participation in three rail logistics enhancement projects, while the government says it has received significant interest from the private sector in its plans to develop a high speed passenger railway.
Toshkent rail freight terminal construction contract signed
UZBEKISTAN: The Silkway Central Asia joint venture has awarded China Railway Construction Engineering Group a turnkey contract to design, build and equip a rail-served multi-purpose logistics centre near Toshkent.
Vanguard STS looks to develop its fuel cell technology as HydroShunter offered to market
UK: The fuel cell-powered HydroShunter prototype developed by Vanguard Sustainable Transport Solutions has made its first public run under hydrogen power at the Severn Valley Railway.
Roma orders more CAF trams as first new vehicle in 20 years arrives
ITALY: Roma operator ATAC has signed a contract with CAF for the supply of 20 more trams, while the first car from an earlier order arrived in the capital on March 6.
