International Railway Journal. Headlines... 30th January 2012

EBRD to fund Serbian Corridor 10 upgrade THE European Bank for Reconstruction and Development (EBRD) has agreed to provide a Euros 95m sovereign-guaranteed loan to Serbian Railways (ZS) to help upgrade the section of European Corridor 10 between Belgrade and the Croatian border.

Good year for SNCF as revenues rise 7.2% TURNOVER at French National Railways (SNCF) was up by 7.2% at Euros 32.65bn in 2011 compared with Euros 30.47bn in 2010, with particularly strong performance in the railway's passenger sectors. Dijon celebrates arrival of first LRV THE city of Dijon celebrated the arrival of its first Alstom Citadis LRV at its new operating and maintenance centre on January 26. Testing of the vehicle will commence in February on the 8.5km Line T1 and 11.5km Line T2, which serve 16 and 21 stations respectively in the Greater Dijon area. Commercial operations on the new network are scheduled to begin in September. Record year for CSX CSX reported record performance in revenue, operating income, operating ratio, and earnings per share during 2011 in its annual results announced today. Revenue was up by 10% to $US 11.7bn, operating income by 11% to $US 3.4bn, operating ratio improved to 71.5%, and earnings per share was up by 24% to $US 1.67. Ansaldo STS signalling for UAE's first railway ANSALDO STS today confirmed it has been awarded the contract to supply signalling, automation, and telecommunications systems for the first phase of the UAE's planned railway network. GE Transportation reports profit surge for 2011 REVENUE for GE Transportation soared by 45% last year to $US 4.9bn compared with 2010, while profits for the year more than doubled from $US 315m in 2010 to $US 757m. CP to invest $C 1.2bn this year CANADIAN Pacific Railway today announced it will invest between $C 1.1bn ($US 1.08bn) and $C 1.2bn on infrastructure renewal, network enhancements and expansion projects in 2012 as part of its multi-year plan, which aims to improve service and increase network capacity while funding business development and initiatives with a rapid return on investment.