operators, NefteTrans Service (NTS), plans an initial public offering of ordinary shares on the London Stock Exchange during the first half of this year.
NTS intends to use the
proceeds of the sale, estimated at about $US 500m, to expand its rolling stock fleet by purchasing wagons from other operators, entering into leasing deals, or through the acquisition of other railfreight operators should the opportunity arise.
NTS was set up in 2006 by four entrepreneurs and is now
Russian railfreight operator plans IPO O
NE of Russia’s largest private railfreight
Russia’s second largest private operator by transport volume with a market volume of 7.9% in 2012, and third largest by fleet size. It owns 57,332 wagons comprising gondolas and tank wagons, plus 43 locomotives, and specialises in the transport of iron and manganese ore, coal, oil and oil products.
In the nine months to September 2012, NTS increased its revenue by 23% to Roubles 33.7bn ($US 1.1bn) and its Ebitda by 53% to Roubles 13.5bn. The company also acquired EvrazTrans, the railfreight division of steel producer Evraz, in December.
Braunschweig buys Alstom trains
Argentina
The government is continuing to negotiate with China over a proposed $US 2.4bn investment to upgrade infrastructure and supply rolling stock for the 7347km Belgrano Cargas freight network which connects Buenos Aires with 13 of the country’s 23 provinces. The work involves building 76km of new track while CNR is expected to supply 200 locomotives and 1400 wagons.
Belarus
Belarussian Railways (BZD) has signed a contract with Stadler for the supply of six additional Flirt emus for regional operations. The first four vehicles will be delivered this year and the remaining two in 2014.
Britain
Signalling Solutions, the Alstom and Balfour Beatty joint venture, has won a series of signalling contracts worth £34.75m. from Network Rail (NR). This includes three contracts worth £22m for the early stages of resignalling the London - Bristol Great Western
Main Line. NR has selected Kapsch CarrierCom in an initial three- year agreement with an option for a two year extension to maintain Britain’s GSM-R
G
REATER Braunschweig Regional Rail Vehicles (RGB), a company set up in spring 2012 to procure trains for use on the rail network in the Braunschweig area of Germany, has placed a É100m order with Alstom for 20 four- car Coradia emus. The deal includes the maintenance of the trains for 20 years and an option for 13 more sets. The new trains will enter service in December 2015. RGB is a subsidiary of
Greater Braunschweig Functional Association (ZGB) which is pursuing its Regional Train Concept 2014 of which
IRJ February 2013
the Eastern Lower Saxony Electric Network is one of the most important elements. The objectives include 30-minute-interval train services on all routes during peak hours, better coordination of bus and rail services, modernisation of stations, introduction of a dynamic passenger information system, and a fleet of modern trains. É65m will be invested to upgrade track and stations and build new stations.
The 160km/h Coradia trains can accommodate 450 passengers. The state of Lower Saxony is funding the order.
network. ABC Electrification, a partnership between Alstom, Babcock and Costain, has secured a contract worth £48m for the third phase of the West Coast Power Supply Upgrade. This is the company’s first order.
Croatia
Croatian Railways (HZ) has issued a tender for 32 new electric trains suitable for suburban and regional operations. The closing date for bids is February 2.
Germany
Sales at Knorr-Bremse increased by 1% to É4.3bn in 2012. Its Rail Vehicle Systems division reported a slight growth from É2.19bn in 2011 to É2.22bn in 2012, boosted by North American sales.
In brief Hungary
Stadler is the sole bidder for a contract to supply 48 low- floor emus, 42 of which will be purchased by regional operator MÁV-Start and six by Györ-Sopron-Ebenfurth Railway (GySEV).
Iraq
Iraqi National Rail Company (INRC) has signed an agreement estimated to be worth $US 55m with Wagon Pars, Iran, for the rehabilitation of 1600 wagons.
Israel
Israel Railways has invited expressions of interest to procure second-hand or refurbished flat wagons suitable for loading 480 20-foot containers.
Italy
Italian Rail Network (RFI) has selected a consortium of Ansaldo STS, Alstom, Sirti and Balfour Beatty Rail in a É176m contract to design, construct and implement ERTMS Level 2 on the 39km Treviglio - Brescia section of the under- construction Milan - Verona high-speed line. The project is worth É82m to Ansaldo STS and É20m to Alstom and will be completed in 2016.
Poland
Stadler Poland has won a contract worth a total of Zlotys 510m ($US 163m) to supply and maintain a fleet of 20 two- car Flirt emus for Lodz Rail Agglomeration (LKA). The trains will be assembled at Stadler Poland’s Siedlce plant and the first six vehicles will be delivered by the end of 2014.
Russia
Russian Railways has completed the acquisition of 75% of freight logistics operator Gefco from PSA Peugeot Citroën for É800m.
United States
CAF has selected Liebherr Transportation Systems, France, to develop and manufacture 468 hydraulic actuators for the levelling systems of 39 new LRVs being built for Houston. IRJ
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