Four new market realities: permanent change is becoming the order of the day in planning
Deutsche Bahn is to buy UK train and bus operator Arriva for £1.59bn in a deal that will create one of Europe’s largest transport groups. The move comes as part of the German group’s plans to expand beyond its domestic market, as well as a shift towards consolidation within European transport.
The countdown to Christmas is officially under way and it looks set to be a record breaking one for leading west coast rail provider, Virgin Trains.
Train punctuality and reliability over the autumn hit record levels this year with delays caused by infamous, ‘leaves on the line’, cut by 40%.
Substation to provide reliable power as UK capital adds new trains to underground network.
Goldman Sachs is set to become the biggest shareholder in Eurotunnel by taking a 21.2 percent stake. The boardroom presence of the investment bank is expected to help the channel tunnel operator in the pursuit of “upcoming strategic developments”.
Network Rail is proposing a new £34bn high-speed railway line that aims to cut journey times between London and Glasgow to just over two hours. The High Speed 2 line would be completed by 2030 and would also link Birmingham, Manchester, Liverpool and Edinburgh.
Eurostar is undergoing a boardroom reshuffle, thought to be connected with its new ownership restructure. The promotion of Frenchman Nicolas Petrovic to chief executive, replacing Briton Richard Brown, is seen to appease a new proposal that will see the French reduce their stake in the high-speed train operator from 62% to 55%.
Confirming that Britain’s next high-speed rail line from London to the North will operate trains at 250 mph (400 km/h). Transport Secretary Lord Andrew Adonis has now declared his aim of ending all domestic air travel in Britain.
Short-haul flights between the UK and Europe could be replaced by a growing rail network of high-speed trains, under new plans outlined by the UK government. But the proposals have met with vehement opposition from the airline industry, with Ryanair chief Michael O’Leary describing them as “insane”.