Rail Financials News
UK rail fares come under spotlight in new consultation
Britain’s rail companies are launching a public consultation to seek ‘root and branch reform’ of fares and ticketing regulation.
TUC: UK rail fares rising three times as fast as wages
Rail fares for season tickets, and other regulated fares, have risen nearly three times faster than wages over the last five years, according to new analysis published by the TUC. Commissioned alongside the rail unions’ Action for Rail campaign, the analysis shows that between 2010 and 2015 fares increased by 25 per cent, while average pay went up by just nine per cent.
British prime minister makes UK rail fares pledge
British prime minister David Cameron has pledged a real-term freeze on nearly half of all rail fares during the general election campaign. The Tory politician said the move would save an average rail commuter £400 between now and 2020. The move, which would extend a freeze currently in place, would cover regulated fares.
UK Passengers benefit from £150m investment in train stations
A multi-million pound project that has seen major improvements made to train stations across England and Wales is being celebrated this week.
Pilbara iron ore line approved
Plans to build another 300 km rail link to serve the Pilbara iron ore mining region in Western Australia were approved by the state government on June 24.
After the Crisis: New Demands on Logistics
Four new market realities: permanent change is becoming the order of the day in planning
Channel Tunnel rail link sale expected to fetch £2bn
The Channel Tunnel Rail Link is to go under the hammer as part of a sell-off of key assets to address the UK’s severely depleted coffers. The sale is expected to reach in the region of £2bn.
Urban rail news in brief - January 2010
The EU Regional Operational Programme will provide 85% of the 162m zloty needed for MPK Czestochowa’s tram expansion. The project involves construction of a 4·5 km double-track line with nine stops for around 98·7m zloty. Seven new low-floor trams will be acquired for 63m zloty.
Bombardier Wins Contract to Supply 246 MOVIA Metro Cars for Shanghai Line 12 in China
New metro cars to provide sustainable mobility, increase transport capacity and improve journey comfort
Increase in costs of Tube upgrade should not fall to Londoners
Commenting on today’s interim ruling by the PPP Arbiter that the legitimate cost of the next phase of Tube upgrades is £4.4 billion – £400 million higher than London Underground’s estimate