Production of next-generation Acela Express fleet underway
Stadler unveils TEX Rail Flirt DMU
Siemens invests in remote monitoring specialist Wi-Tronix
DB consortium selected for California high speed rail
Judge puts the skids on state’s proposed rail trail
Amtrak's CEO shares his vision for rail's future
Flight Rail: a new type of train?
America’s short lines play the long game
New York rail operator bolsters security after London bombing
This follows an internal dispute between the shareholders on the renewal of the existing Westbahn Stadler EMU fleet and the possible supply of new vehicles by China Railway Rolling Stock Corporation (CRRC). Westbahn awarded Stadler a €300m contract last month to supply and maintain 15 Kiss double-deck EMUs, in direct competition with CRRC.
Following the increase in shares, SNCF will have a blocking minority, although the deal still needs to be agreed by the competition authority.
Westbahn reported a loss of €19.3m for 2018, which is being covered by a letter of support from the owners.
Westbahn is about to apply for an extension of its passenger license to cover freight transport as well. This will then be used by the newly-formed sister company Frachtbahn Traktion to allow the freight operator to launch its business without having to wait for its own license, which may take some time.
The post SNCF to increase stake in Westbahn following EMU dispute appeared first on International Railway Journal.
This article first appeared on www.railjournal.com
About this website
Railpage version 3.10.0.0037
All logos and trademarks in this site are property of their respective owner. The comments are property of their posters, all the rest is © 2003-2020 Interactive Omnimedia Pty Ltd.
You can syndicate our news using one of the RSS feeds.