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Tel Aviv in finance talks
A number of foreign banks, including Royal Bank of Scotland (RBS), BayernLB and KfW Ipex-Bank, are in discussions with officials about funding the Tel ...
27-Nov-2008
EC approves MAV takeover
The EC has approved the takeover of MAV Cargo, the freight unit of Hungarian state railways Magyar Allamvasutak Zrt, by Rail Cargo Austria AG ...
27-Nov-2008
Daqin debt gets approval
Daqin Railway, operator of China's biggest coal transport line, has received regulatory approval to sell CNY13.5 billion (USD2 billion) of bonds. The China Securities...
27-Nov-2008
MTR sells three-year paper
Hong Kong's Mass Transit Rail (MTR) on 13 November sold a HKD500 million (USD64 million), three-year paper issue at 2.38 per cent. The deal...
27-Nov-2008
China rail issue takes off
China's railway ministry priced its third long-term bond of 2008 on 11 November, raising CNY30 billion (USD4.39 billion). A CNY20 billion, seven-year tranche was...
27-Nov-2008
Russian Railways to issue debt
Russian Railways (RZD) plans to issue USD3.75 billion worth of infrastructure bonds, as the credit crisis closes access to overseas capital markets. The rail ...
19-Nov-2008
EIB grants loan for Sofia metro work
The European Investment Bank (EIB) has granted a loan of EUR105 million (USD132 million) for the extension of the metro in Sofia, Bulgaria. Proceeds ...
19-Nov-2008
France agrees Morocco loan
France and Morocco have signed a protocol for a EUR625 million (USD788 million) inter-governmental loan for construction of a TGV high-speed rail link between ...
19-Nov-2008
EBRD agrees to Uzbek loan
The European Bank for Reconstruction and Development (EBRD) has agreed to provide a USD125 million loan to the Uzbek state rail transport administration (Ukrzaliznytsia). ...
13-Nov-2008
Antwerp closes PPP financing
Banco Santander, Bank Nederlandse Gemeenten (BNG), BayernLB, European Investment Bank (EIB), Fortis Bank, ING Wholesale Banking, Société Générale Corporate & Investment Banking and the...
13-Nov-2008
Vietnam to tap market
Vietnam's transport ministry will send out a request for proposals (RfP) to help fund a railway project. The government is seeking USD1.2 billion from ...
13-Nov-2008
China companies plan to issue debt
China Railway Construction Corporation plans to issue up to CNY15 billion (USD2.2 billion) in medium term notes (MTNs) in the interbank market in China. ...
13-Nov-2008
Operators report big forex losses
Two major Chinese railroad companies have joined conglomerate Citic Pacific in registering millions of dollars in losses from currency dealings gone bad. China Railway ...
13-Nov-2008
Freightlink goes into receivership
Freightlink, owner and operator of the AUD1.2 billion (USD815 million) Adelaide-to-Darwin railway, has gone into voluntary administration, owing creditors, including ANZ Banking Group, Royal ...
11-Nov-2008
UK roscos on the block
UK rail leasing company (rosco) Porterbrook Leasing Co announced on 27 October that a consortium of investors has entered into a definitive agreement to ...
31-Oct-2008
China railway bonds priced
China's railway ministry priced its CNY20 billion (USD 2.94 billion) second long-term bond this year on 15 October. The deal included a CNY15 billion, ...
29-Oct-2008
Tikhvin signs loan agreement
Russia's state-owned Vnesheconombank (VEB), the Eurasian Development Bank (EDB), and Russia's Nomos-Bank have signed a loan agreement to provide USD560 million to the Tikhvin ...
28-Oct-2008
Russian Railways extends bridge
Russian Railways (RZD) has reached an agreement with three banks to extend a USD1.5 billion bridge loan facility. The loan has been provided by ...
23-Oct-2008
Colombia's rail bidding delayed
Colombia's concessions agency Inco will launch the bidding process to award a 30-year concession of the Ferroviario Central cargo rail network by the end ...
23-Oct-2008
GATX drops bid to buy GE Rail
GATX Corporation has dropped its bid to buy GE Rail as a result of undisclosed financing problems. The sale of the railcar leasing business ...
22-Oct-2008
IRFC mulls public offering
Indian Railways plans to have Indian Railway Finance Corporation (IRFC), its leasing and financing arm, launch an initial public offering (IPO). Part of the ...
16-Oct-2008
Vietnam seeks foreign capital
Up to USD7 billion will be required following the approval of a USD15 billion plan to build commuter railway networks inside Hanoi and Ho ...
16-Oct-2008
China MOR to issue debt
China's Ministry of Railways (MOR) plans to issue CNY20 billion (USD2.94 billion) in bonds on the interbank market on 15 October, in a bid ...
16-Oct-2008
Thai train IPO stays on track
Plans remain on track for a THB10 billion (USD300 million) initial public offering (IPO) by Thailand's BTS Skytrain, despite political upheaval in the country. ...
16-Oct-2008
ADB agrees to Pakistan loan
Asian Development Bank (ADB) has agreed to a soft loan of over USD2 billion to implement a light rail system in Karachi. The ADB ...
14-Oct-2008
Freightcar CFO to step down
Freightcar America has announced that Kevin Bagby, chief financial officer (CFO), is stepping down on 3 November, having accepted a position at another company. ...
14-Oct-2008
Freightcar signs new loan
Railcar manufacturer Freightcar America has entered into a new USD60 million senior secured revolving credit facility through subsidiary Jaix Leasing Co. The sole lead ...
09-Oct-2008
Privatisation of Marfa proposed
Romania plans to sell state-owned rail freight company CFR Marfa in 2009 and the country's transport ministry is awaiting confirmation on the sale process ...
09-Oct-2008
Denver eyes PPP scheme
Three private consortia have expressed interest in forming a public-private partnership (PPP) with Denver's Regional Transportation District (RTD) to build the Denver International Airport ...
09-Oct-2008
Fesco unit secures loan
Transgarant, the rail cargo unit of Russia's Far Eastern Shipping Co (Fesco), has secured a USD90 million five-year syndicated loan. Proceeds are earmarked to ...
09-Oct-2008
OeBB mandates euro bond
Austria's state-owned railway operator OeBB has mandated Barclays Capital, BNP Paribas and Royal Bank of Scotland (RBS) for a new three-year benchmark euro bond. ...
07-Oct-2008
EBRD lends to loco maker
European Bank for Reconstruction and Development (EBRD) is advancing a USD65 million loan to OJSC Sinara Transport Machines, a Russian manufacturer of freight locomotives. ...
02-Oct-2008
Colombia to launch tender
Colombia's concessions agency Instituto Nacional de Concesiones (Inco) plans to launch the bidding process to concession the Ferroviario Central rail network in October. The ...
02-Oct-2008
Banks join Portugal bids
Several Portuguese construction companies and banks plan to jointly bid in five tenders for rights to build high-speed train links in Portugal under a ...
02-Oct-2008
China issues two bonds
China's Ministry of Railways has issued two bonds, a 10-year issue and a 15-year issue. Managers for the 10-year, CNY15 billion (USD2.23 billion) paper ...
02-Oct-2008
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