24 May 2012
Final phase of KiwiRail turnaround funded
NEW ZEALAND: The government's 2012-13 budget unveiled on May 24 has allocated NZ$250m of capital funding to KiwiRail, the final instalment in a three-year...more
24 May 2012
Alstom buys DB stake in locomotive joint venture
GERMANY: On May 22 Alstom announced it had signed a contract to take over the 49% stake in the Alstom Lokomotiven Service joint venture which is held by DB...more
24 May 2012
Bearing test facility opened
RUSSIA: SKF has opened a railway axlebox bearing test facility at its Tver factory which it says is the first to be certified under new Russian safety...more
24 May 2012
Gas tank wagon lease signed
RUSSIA: Leasing firm Brunswick Rail announced a seven-year agreement to supply 150 gas tank wagons to the SIBUR-Trans subsidiary of petrochemicals group SIBUR...more
24 May 2012
Kazakhstan plans its place on the New Silk Road
KAZAKHSTAN: Speaking at the 25th meeting of the Council of Foreign Investors on May 22, President Nursultan Nazarbayev set out his vision for a 'New Silk Road'...more
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