Financial news
Three in frame for Italian regional train contract T
RENITALIA says it has received three bids for a contract worth around É1.5bn to supply 130 regional diesel and electric multiple units with options for a further 60 trains. The order will comprise 70 emus seating up to 280 passengers with an option for 20 additional trains, 20 emus each seating 500 with an option for 20 more trains, and 40 dmus with at least 130 seats and an option for 20 extra sets. The bidders are Alstom, a
consortium of AnsaldoBreda and CAF, and Bombardier. Alstom has offered its single- deck Coradia Meridian multiple unit, which is already in use in Italy with Trenord on Malpensa Expressservices and is a development of the Minuetto regional trains for Trenitalia, 260 diesel and electric variants have been delivered since 2004. AnsaldoBreda and CAF have offered AnsaldoBreda’s TAF double-deck TSR emu, a type already in operation with
Trenitalia, and CAF’s single- deck Civity train. Bombardier presented Polis, which is based on the Talent 2 platform. All of the bidders have production facilities in Italy. Trenitalia says the bidding criteria gives more value to quality and delivery times (60%) than price (40%). A winning bidder is due to be announced by the end of the year following evaluation of the technical proposals. The trains will be delivered by 2018.
National Express looks to Germany
B
RITISH transport operator National Express has
confirmed its intention to enter the German regional rail market by founding a German subsidiary.
Based in Düsseldorf, National Express Rail will be headed by Mr Tobias Richter who has joined from DB Regio and was the former head of Regentalbahn and Vogtlandbahn. The company has reportedly prequalified for four franchises and is said to be looking at registering the “Deutsche Express” brand name. National Express is also looking at Spain as a potential future market if the government pushes ahead with privatisation plans.
RZD reports 9% revenue increase in 2011, but profits fall
CN strengthens wagon fleet C
ANADIAN National (CN) says it will add more than 2200 new wagons to its fleet this year, as well as 1300 new containers, as part of a drive to support traffic growth.
The acquisitions include 600 18.3m double-door box wagons for timber and metallurgical products; 558 high-capacity covered grain hoppers; 317 autorack car
SRAEL National Roads Company invites companies or groups to prequalify by October 24 for a contract to construct the superstructure, and equip two new lines currently under construction. The mixed-traffic line Acre - Carmiel is an electrified 22km double-track railway, which includes two 4.6km single-bore tunnels at Gilon, to be fitted with slab track, as well as two new stations at Moshav Ahihud in the Western Galilee and in Carmiel. The contract includes fixed and mobile telecommunication systems, signalling and tunnel system integration
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Israel invites bids to equip two new lines I
carriers; 300 coal wagons; 232 hoppers for pelletised iron-o re; and 200 multi-purpose box wagons. CN says its rolling stock strategy is responding to changing market conditions.
including smoke and fire detection, ventilation, CCTV, telephone, lighting, public address, energy power supply, a water pumping system, and emergency communications.
The 58km Haifa - Beit Shean line, also known
as the Yisrael Valley railway, will be single track and will not be electrified. The line will have five new stations at Lev Ha’mifratz, Kefar Yehoshua, Kefar Baruch, Afula and Beit Shean. The work will include laying ballasted track, and installing fixed and mobile telecommunications and signalling equipment. This line will also be designed for mixed traffic operation.
USSIAN Railways’ (RZD) revenue rose by 9% last year to Roubles 1481bn ($US 46.3bn) due primarily to a 5.7% increase in revenue freight traffic and what RZD describes as an 8% tariff indexation. However, Ebitda dropped by 23% in 2011 to Roubles 356bn, and net profit fell by 12% to Roubles 183bn helped by the sale of shares in Freight One. The fall in profitability stems from a 20% increase in operating expenses. In 2009, RZD initiated a number of cost reduction actions to mitigate the impact of the global financial crisis which included deferring some expenditure. These measures came to an end last year which pushed up operating costs. In particular, infrastructure
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repairs and upgrades and steps to increase passenger train speeds added an extra Roubles 58bn to costs. Social tax payments increased by Roubles 36bn, and energy costs rose by Roubles 29.1bn. Nevertheless, RZD says its Ebitda margin of 24% in 2011 is in line with its expectation and reflects normal Ebitda marginality for the railway’s overall business.
IRJ October 2012
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