Financial news
GE and Tülomsas extend locomotive partnership G
E has expanded its strategic partnership with
Turkish manufacturer Tülomsas which will become the main supplier of
PowerHaul diesel locomotives for Europe, Turkey, the Middle East, and North Africa. Over the next two years Tülomsas will assemble 50 PowerHauls at its plant in Eskisehir, 20 of which will be built for Turkish State Railways (TCDD) and the remaining 30 for regional export markets.
GE says it is investing more than $US 150m in the design and development of the PowerHaul range and the technology transfer to Turkey. GE signed a memorandum of understanding with
RZD increases volumes and revenues in 2012
Adif to tackle debt with property sell-off S
PAIN’s infrastructure manager Adif has outlined plans to sell 333 non- operational station buildings and more than 1500 staff houses in an effort to cut maintenance expenses and reduce a small part of its É15bn debt, which this year will incur interest payments of É350m.
The Spanish government has not disclosed how much it expects to raise from selling Adif’s property, which will be carried out amidst a deep economic recession and with house prices in freefall - they have already dropped by 25% from a peak in late 2008. Adif will start negotiations
ITACHI Europe has acquired The Railway Engineering Company (TRE), Britain, a supplier of signalling training and assessment simulators, and automatic routing systems.
TRE will become part of the Hitachi Group and will work closely with Hitachi’s rail and
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to sell 77 stations to the companies and individuals which currently rent them, and will auction the remainder. Most of these are located along disused lines and many have not been used since 1985. The railway houses, many of which were allocated to their current tenants a generation ago and which are currently let at prices well below É100 per month, will be offered at a special price to former rail employees or their families. As part of this plan, Adif plans to relocate hundreds of its employees from rented offices to accommodation at Madrid’s two main stations: Atocha and Chamartin.
infrastructure systems division in Britain and in Europe. TRE is already working with Hitachi Rail Europe as one of three companies developing a centralised traffic management system prototype for British infrastructure manager Network Rail, with a view to rolling out the system on the
Vladimir Yakunin told an enlarged board session on December 18 that RZD’s estimated annual results for 2012 project a 2.7% increase in freight volumes to 1.27 billion tonnes. Revenues were also up during the year to Roubles 1.363 trillion ($US 44.35bn), an increase of 5.8% on 2011, while net profit is expected to be around Roubles 5.3bn. However, Yakunin said that due to global and Russian economic trends, he expects this growth to slow to 2.5% in 2013. With total volumes accounting for 2.78 trillion tonne-km, railfreight now accounts for 85.5% of Russia’s freight traffic.
R
Hitachi acquires The Railway Engineering Company H
entire network via a centralised management system located at 14 operating centres.
Following the acquisition all TRE staff will continue to work from their existing locations. TRE anticipates augmenting its current portfolio with new developments while integrating Hitachi products.
USSIAN Railways (RZD) president Mr
Tülomsas in 2008 to form a strategic partnership to assemble PowerHauls in Turkey for customers in Europe, the Middle East, and North Africa. The two companies concluded a license agreement in December 2009, and Tülomsas assembled a demonstrator which underwent trials with TCDD before being shipped to Britain last October. This locomotive is expected to enter service with a British freight operator. The PowerHaul design made its European debut in Britain in 2009 with Freightliner, which so far has taken delivery of 19 locomotives built at GE’s Erie plant in the United States.
Consortium wins Polish ERTMS contract
P
OLISH infrastructure manager PKP PLK has
awarded a consortium of Bombardier (ZWUS) Poland, Thales Poland, and Nokia Siemens Networks (NSN) a Zlotys 470m ($US 153m) contract for the country’s first commercial ERTMS Level 2 installation. The project covers the 340km Line E65 between Gdynia and Warsaw, which also forms the northern section of Pan-European Corridor VI from Gydnia to Katowice and Zilina in Slovakia. Bombardier and Thales will supply the ETCS Level 2 equipment, and they will also provide conventional signalling equipment for eight control centres and upgrade existing signalling systems to ETCS Level 2. NSN will provide GSM-R equipment for the project, which covers 35 stations and will take 28 months to complete. Bombardier’s share of the contract is worth around Zlotys 216m and covers the supply of the company’s Interflo 450 ERTMS technology. Bombardier will also supply its Interflo 200 system for the conventional signalling.
IRJ February 2013
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