Deutsche Bahn signs an agreement to sell its logistics subsidiary, DB Schenker, to DSV

DSV, as the new owner, intends to invest approximately one billion euros in Germany over the next three to five years.

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UAE and Jordan Sign Investment Agreement to Enhance Cooperation in the Railway Sector

5 September 2024 (UAE) The UAE Ministry of Investment and the Ministry of Investment of the Hashemite Kingdom of Jordan have signed an Investment Memorandum, creating a framework for collaboration in the railway sector. As part of this memorandum, Etihad Rail will be responsible for the design, construction, and operation of a railway line in Jordan. Etihad Rail entered into an agreement with the Jordanian Ministry of Transport and signed two Memorandums of Understanding with the Jordan Phosphate Mines Company and the Arab Potash Company. Source https://www.etihadrail.ae/post/uae-and-jordan-sign-investment-memorandum-to-strengthen-cooperation-in-the-railway-sector

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Construction of Parramatta Light Rail Stage 2 set to commence in 2025 following the signing of a major contract

19 September 2024 (NSW) Parramatta Light Rail Stage 2 has moved a step closer with the awarding of a $322 million contract to John Holland Pty Ltd for the first phase of the project, which includes constructing 1.3 km of new light rail alignment and a 320-meter bridge over the Parramatta River. Design and preliminary works are set to begin this year, with major bridge construction scheduled to commence in 2025. This will be the first significant bridge to span the Parramatta River since the completion of the Ryde Bridge nearly 40 years ago. Source https://www.nsw.gov.au/driving-boating-and-transport/projects/parramatta-light-rail/news/construction-on-parramatta-light-rail-stage-2-to-begin-2025-as-major-contract-signed

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Deutsche Bahn has awarded contracts valued at well over €100 million to Vossloh

16 September 2024 (Germany) Vossloh and DB InfraGO AG, the Deutsche Bahn AG subsidiary in charge of rail infrastructure, are strengthening and expanding their long-standing, successful partnership. Deutsche Bahn relies on high-speed grinding and rail milling as essential technologies for forward-looking maintenance and has awarded contracts exceeding €100 million to Vossloh. These agreements encompass both corrective maintenance through rail milling and preventive rail maintenance using high-speed grinding. Rail milling and high-speed grinding are critical technologies for maintaining Deutsche Bahn's rail network, playing a pivotal role in extending the service life of the tracks and enhancing their future availability. Source https://www.vossloh.com/en/press/press-releases/detail/pressdetail_78016.html

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