CK Investments has agreed to purchase Eversholt Rail Group from it current owners, a consortium comprising 3i Infrastructure plc, Morgan Stanley Infrastructure Partners and STAR Capital Partners. CK Investments is the vehicle of Asia’s richest man, Li Ka-shing, with the deal believed to be worth £2.5 billion.
Ten people have been confirmed dead following a collision between a train and a bus carrying prisoners in Texas. The vehicle is believed to have lost control on an icy stretch of road before sliding down an embankment and hitting the train.
Rail fares are set to rise by 3.5 per cent in January 2015 following the confirmation of the latest inflation figures. Under the formula, fares in England and Wales are due to go up by July’s retail price index measure of inflation, plus one per cent.
A rescue operation is under way to search for passengers of a train that crashed at Bretigny-sur-Orge, on Friday, killing at least six people and seriously injuring eight. The train, which had just left Paris, was heading for Limoges when it derailed, crashing into a crowded station platform at rush hour.
Rail projects in the Middle East is a serious topic with a number of projects already in the planning and the implementation phases. Safety, security and accuracy of real-time passenger/traveler information is paramount to the success of any transport network. Therefore considering the wider ITS applications from the project inception, it reduces the costs of ITS implementations by more than 50%.
The total approximate earnings of Indian Railways on originating basis during the period from 1st to 10th January 2013 were Rs. 3466.70 crore compared to Rs. 2733.76 crore during the same period last year, registering an increase of 26.81 per cent.
Prices for rail travel in the United Kingdom have increased by an average of 3.9 per cent, as passengers begin their first journeys into work of the year. Those buying season tickets will see prices increase by an average of 4.2 per cent following the annual price hike, which was first confirmed in August.
Groups of angry rail passengers in the UK have launched a series of protests after new, “massive” increases in ticket prices were confirmed by the government. Some prices in England could rise by as much as 6.2 per cent at the start of next year, with smaller rises in Scotland.
More than £9 billion of railway upgrades across England and Wales have been announced by transport secretary Justine Greening. Improvements will meet the needs of intercity passengers, commuters and freight up to the end of this decade while the government continues to work on High Speed 2 to deliver rail capacity for the British economy in the decades to come, Greening explained.
A generation of young people is turning to rail travel as rocketing motoring costs, rising youth unemployment and tuition fees are making owning a car an ‘unaffordable luxury’ for many under 25s.