Tag: EIB

Electro-diesel train financing approved

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SPAIN: The European Investment Bank approved a €100m loan on June 13 to part-finance the planned €201m procurement of 26 electric and five electro-diesel trainsets for use by RENFE on suburban and rural services on the former FEVE metre-gauge network in northern Spain. EIB said the replacement of life-expired rolling stock

MOB’s gauge-changing bogies pass test

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SWITZERLAND: Montreux-Oberland Bahn is on course to launch its long-planned through-service between Montreux and Interlaken on December 13 2020, following the completion of tests with specially-developed dual-gauge bogies and a gauge-changing facility at the break of gauge in Zweisimmen. Announcing the success of the trials during a demonstration of the equipment

FlixTrain ready to launch Berlin – Köln route

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GERMANY: Open access inter-city operator FlixMobility has opened ticket bookings for its third daytime FlixTrain route, with daily services between Berlin and Köln expected to begin on May 23. Single fares are available from €9·99. Journey times of between 5 h and 6 h will be around 3 h quicker than the existing Flixbus

Graz-Köflacher Bahn announces electrification plan

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AUSTRIA: A plan for the electrification of the 91 km Graz-Köflacher Bahn network at 15 kV 16·7 Hz by December 2025 was announced by Director-General Franz Weintögl on May 6. GKB operates routes from Graz to Köflach and Wies-Eibiswald, diverging at Lieboch. It currently carries around 6 million passengers a year, which it

Norfolk Southern names transformation team

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USA: Reporting ‘another year of record financial results’ on March 29, Norfolk Southern Chairman, President & CEO James Squires said the railway had seen strong growth in 2018, achieving an all-time best operating ratio of 65·4 after three consecutive years of improvement and a recording a 9% year-on-year increase in

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