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

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.

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

13 September 2024 (Germany) The Management Board of Deutsche Bahn AG has signed an agreement today to sell its logistics subsidiary, DB Schenker, to the Danish transport and logistics group DSV for an enterprise value (EV) of EUR 14.3 billion. With expected interest income until completion, the total sale value reaches EUR 14.8 billion. DSV, as the new owner, intends to invest approximately one billion euros in Germany over the next three to five years. Source https://www.deutschebahn.com/en/presse/press_releases/Deutsche-Bahn-signs-agreement-to-sell-logistics-subsidiary-DB-Schenker-to-DSV--13072192#

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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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