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Latest Finance News related to Rail Project

HS2 contracts worth £6.6bn awarded by UK government image
Source : Guardian [Read Article] Monday 17th of July 2017 08:08:45 AM
.... They will design and build the Long Itchington Wood Green tunnel to the Delta Junction/Birmingham Spur and the section from the Delta Junction to the west coast main line near Lichfield in Staffordshire. Vinci has been involved in the high-speed Tours-Bordeaux rail project in France. ...
Hinkley Point is a terrible deal. May must show courage and cancel it | Simon Jenkins image
....Nothing would signal more clearly a change of heart than for her to clear the ground of the vanities and extravagances of the David Cameron years. The government should postpone its fantastically expensive high-speed rail project, and redirect the money to northern intercity links. ...
Berkeley duo's plan to solve traffic jams: hyper-fast lanes for self-driving cars image
....Barrs and Chen came up with Hyperlane after taking a close look at proposed high-speed rail systems like the troubled Los Angeles to San Francisco route. The bottom line is that high-speed rail is expensive – at its current, ever-rising cost estimate, the California rail project would cost $139m per mile. ...
Scunthorpe steelworkers enjoy the rewards of act of faith in new owner image
....Junck now wants May to make good on the rhetoric by offering British firms a “level playing field” – code for cheaper energy bills and lower business rates. He also wants more government contracts, having supplied 35 miles of track for the Crossrail project from British Steel’s sizeable rail business. ...
Reborn British Steel gives shares to workers after return to profit image
Source : Guardian [Read Article] Thursday 1st of June 2017 12:30:06 PM
.... The Indian company still owns the steelworks at Port Talbot, home to the only other blast furnaces in Britain. British Steel has supplied all the rail for the Crossrail project in London. ...
Half of us aren't happy to discuss mental health at work image
Source : BBC [Read Article] Tuesday 2nd of May 2017 11:02:25 PM
....Despite his dreadful experience, Oliver is one of the lucky ones. His employer at the time was the construction firm, Laing O'Rourke; he was working on the Crossrail project in London. ...
HS2 will open on time in 2033, transport secretary vows image
Source : BBC [Read Article] Tuesday 15th of November 2016 06:28:48 PM
. The government's controversial £56bn high-speed rail project HS2 will be completed on time, Transport Secretary Chris Grayling has insisted. ...
Growth potential image
Source : BBC [Read Article] Tuesday 25th of October 2016 11:00:27 PM
.... They have already lined up the US construction firm Bechtel to do the work. Bechtel has considerable experience working in the UK: it was involved with the construction of the Channel Tunnel; the HS1 rail link; and is currently working on completing London's Crossrail project. ...

Hinkley Point nuclear deal: Theresa May demanded national security checks on Chinese investors, says Vince Cable
 image
....But it raised questions over whether she could also object to £40 billion of other Chinese investments in the UK, which were announced last year. Mr Osborne had been encouraging Chinese companies to invest in the High Speed 2 rail project. ...
How to build a train - in 30 secs image
Source : BBC [Read Article] Friday 29th of July 2016 08:19:09 AM
. Timelapse footage shows how the new trains for London's Crossrail project are built by the engineering firm Bombardier. ...
HS2 rail project backed by new transport secretary image
Source : BBC [Read Article] Sunday 17th of July 2016 03:35:13 PM
. The new transport secretary, Chris Grayling, says he does not intend to scrap the high-speed HS2 rail project. ...
HS2 has unrealistic timetable, says National Audit Office image
Source : BBC [Read Article] Monday 27th of June 2016 11:24:49 PM
. The HS2 high-speed rail project has an "unrealistic timetable" and faces major cost pressures, a report by the National Audit Office has said. ...
Six business leaders knighted in Queen's birthday honours list image
Source : Guardian [Read Article] Friday 10th of June 2016 11:11:42 PM
....Sir Ian Wood, chair of oil services firm Wood Group, was awarded the knight grand cross after leading a review into how to maximise oil output from the North Sea. Peter Wood, founder of insurers Direct Line and eSure, Philip Hulme, co-founder of Computacenter, and Terry Morgan, chairman of London’s Crossrail project, are the other new knights. ...
Why are we still waiting for high-speed rail between Sydney, Melbourne and Brisbane? image
.... Under the toll road scenario, governments approve the project, the private sector builds it, and pays off the capital over time by charging a fee to users. A high-speed rail project can use a similar financial model. ...
Getting the most out of London's most liquid asset: River Thames image
Source : Telegraph [Read Article] Sunday 3rd of January 2016 10:53:04 PM
.... . The giant Crossrail project showed how viable this is, each year moving 5m tonnes of tunnelling spoil down the Thames by barge. ...
Why is it so hard to decide on major building projects? image
Source : BBC [Read Article] Friday 11th of December 2015 12:06:37 AM
....Deciding whether to build new nuclear power stations took years - and then hit a problem of who would pay for them. Then there is the HS2 high-speed rail project. ...
Questor share tip: Atkins shares boosted by Osborne's infrastructure focus image
Source : Telegraph [Read Article] Thursday 26th of November 2015 07:34:40 PM
.... . The Government is expected to spend £120bn on infrastructure in the UK during the coming five years, with about half of that amount going on road and rail projects, and the balance spread across new schools, housing and technology. ...
Osborne backs major transport schemes image
Source : BBC [Read Article] Wednesday 25th of November 2015 03:35:16 PM
....Investment in major transport projects is to increase over the current Parliament, by 50% to £61bn, Chancellor George Osborne has announced as part of the Spending Review. He called it "the biggest increase in a generation" on road and rail projects. ...
George Osborne to top up Network Rail budget in autumn statement image
Source : Guardian [Read Article] Tuesday 24th of November 2015 06:34:38 PM
. The chancellor is to announce hundreds of millions of pounds of extra funding for Britain’s railways to ensure Network Rail can carry out the bulk of its five-year plan, saving face for the government after it was forced to shelve two major rail projects due to overspending this year. ...
The UK construction sector – in five charts image
Source : Guardian [Read Article] Friday 30th of October 2015 01:17:25 PM
....Here are five trends the report highlights:. Although many of the cities in thenorthern powerhouse region benefitted from major road and rail projects, such as those around Manchester, Warrington and Preston, infrastructure activity overall across the area fell on the previous year, the report said. ...
China gives £30bn to Britain to seal 'golden relationship' and nuclear power plant deal image
....The Government also wants the Chinese to pay for a number of 'Northern Powerhouse' projects, as well as backing deals in Britain's creative and technology industries. It comes after George Osborne went to China in September and offered up £24bn of investment opportunities to investors, including contracts on the High Speed 2 rail project. ...
'Britain NEEDS us’ says China as Tories roll out red carpet for President to beg for cash image
....". During Mr Jinping's visit, George Osborne and David Cameron are expected to announce a slew of investment deals with China, including the controversial Hinkley Power Plant in Somerset and High Speed 2 rail project. ...
The joy of the big railway station revamp image
Source : Guardian [Read Article] Saturday 10th of October 2015 03:00:03 PM
....On its way: London EustonThe £2. 25bn redevelopment of Euston has been forced by HS2 and has become something of an embarrassment for champions of the high-speed rail project. ...
George Osborne begs China to stump up cash for HS2 and 'Northern Powerhouse' image
Source : Daily Express [Read Article] Thursday 24th of September 2015 12:15:00 AM
. The Chancellor told Chinese investors that seven new engineering contracts on the controversial rail project are now open for bidding with a total combined value of £11. ...
HS2 bidding process to be opened up to Chinese companies image
Source : Guardian [Read Article] Wednesday 23rd of September 2015 11:01:12 PM
....”. Osborne will also invite Chinese investment in infrastructure projects to forming part of his Northern powerhouse plan – a vision that has been compromised by the pausing of major rail projects in the north. ...
VIDEO: What Brummies make of city's makeover image
Source : BBC [Read Article] Monday 21st of September 2015 09:09:15 AM
....Birmingham New Street, the UK's busiest railway station outside of London, has just started welcoming its first commuters after a £750m makeover. Over 30,000 new jobs are expected to be created over the next few years, and work is set to start on a high speed rail project, making travel between Birmingham and London much quicker. ...
China firms in US high-speed rail deal image
Source : BBC [Read Article] Thursday 17th of September 2015 09:06:08 AM
....Analysts say the project could open up the underdeveloped US high-speed rail market. There are about a dozen high-speed rail projects in the US, but they have struggled to gain traction. ...
Family tyre business battles threat of cheap Chinese imports  image
Source : Telegraph [Read Article] Saturday 5th of September 2015 03:30:16 PM
.... Bandvulc also makes tyres for tipper trucks and other construction vehicles. “If they do [high speed rail project] HS2, there will be a tremendous number of tipper trucks being used,” says O’Connell. ...
European rivals in a race for Worldpay image
Source : Daily Express [Read Article] Saturday 29th of August 2015 11:17:00 AM
....A SURGE in public sector and commercial work laid the foundations for a 48 per cent jump in half-year profit at landscaping products group Marshalls. The company, which supplies rail projects and whose work also spans street furniture and speed bumps, grew sales to the public sector and commercial market by 15 per cent, while sales to its smaller domestic home improvement market lagged behind on 4 per cent growth. ...
Contractors abandon mining sector as Carmichael's future remains in doubt image
Source : Guardian [Read Article] Wednesday 12th of August 2015 03:25:52 AM
....Related: Carmichael mine's new hurdle: analysts predict India's coal imports zero by 2021. Earthmoving businesses that banked on sharing in as much as $2bn worth of work from Adani’s proposed mine, port and rail project are turning to housing, farming and infrastructure projects to survive, industry figures say. ...
Transport secretary defends government's Network Rail record image
Source : Guardian [Read Article] Monday 20th of July 2015 06:21:48 PM
. The government only realised the need to shelve vital rail projects in mid-June, the transport secretary told MPs as he responded to claims ministers were aware of the depth of the Network Rail crisis before the election. ...
HS2 chief hits out at ‘unjust’ division of rail assets between north and south image
....Britain has lacked, according to mild-mannered Sir David Higgins, a proper sense of outrage. Not the kind of anger that anti-HS2 protesters vent at the £50bn high-speed rail project Higgins leads, but outrage at the injustice that sees one half of the country routinely look down upon the poorer. ...
Powerhouse or poorhouse? Why the north-east fears devolution won’t help image
....Ed Cox, director of thinktank IPPR North, agrees, and says if the chancellor is to make a genuine difference to Britain’s north-south divide he will need to put up some money. “The northern powerhouse has been a great concept and absolutely galvanised local politicians, businesses and government,” he says – but then he points to the recent announcement by the transport secretary, Patrick McLoughlin, that a series of key rail projects, including the electrification of the TransPennine route between Manchester and Leeds, as well as the Midland mainline from London to Sheffield, will be “paused”. ...
Government defends HS2 from House of Lords criticism image
Source : Telegraph [Read Article] Thursday 2nd of July 2015 09:23:59 PM
. The Government has defended its plans for High Speed 2 against criticism from the House of Lords that it had failed to make a “convincing" economic case for the £50bn rail project. ...
Network Rail's decision to shelve rail projects due to failures in modernisation plan provokes furious reaction image
. The Government’s decision to shelve key rail projects because of multiple failures in Network Rail’s £38bn modernisation plan has sparked a furious reaction. ...
Government freezes rail upgrades and replaces Network Rail boss image
Source : Guardian [Read Article] Thursday 25th of June 2015 11:33:19 AM
....”. He said other major rail projects could also be axed or “re-phased” after the summer review and that some were “clearly” under threat, but he declined to pre-empt the review by naming them. ...
Tunnelling on London's £14.8bn Crossrail project complete after three years image
.... The £14. 8bn Crossrail project has reached a "major milestone" after engineers finally finished 26 miles of tunnelling beneath London following three years of work. ...
Manchester Airport to close terminal as part of £1bn revamp image
Source : Telegraph [Read Article] Tuesday 2nd of June 2015 04:00:29 AM
.... . MAG is also hoping to reap the benefits of HS2, the planned rail project that will improve transport between London and the north, as well as proposals to bolster rail links between east and west. ...
Which rugby club tops the 'house price premiership'? image
Source : Guardian [Read Article] Friday 29th of May 2015 11:42:59 AM
....Russell Quirk, CEO of eMoov said: “Reading has enjoyed a sustained period of strong demand and this is bound to push up house prices in the area as a result. With a commute to the capital of as little as 30 minutes and the impending benefit of the Crossrail project, it is likely demand in Reading will remain strong. ...
Virgin Trains faces competition on east coast mainline image
Source : Guardian [Read Article] Thursday 28th of May 2015 02:53:35 PM
.... Yeowart says that the trains would run faster than the 3hr 45min high-speed rail planners said would convince people to take a train rather than a plane across Britain. That means Alliance can offer a version of the north-south HS2 rail project. ...
Capital costs: London's divide with the rest of the UK needs to be bridged image
Source : Independent [Read Article] Thursday 28th of May 2015 12:28:46 AM
.... The £14. 5bn Crossrail project, which will propel passengers across the capital in record time, dwarfs public spending on rail projects in the North. ...
VIDEO: Where does Crossrail waste earth go? image
Source : BBC [Read Article] Tuesday 26th of May 2015 05:32:15 AM
. Next month, tunnelling comes to an end on Europe's biggest engineering scheme, the Crossrail project linking rail services to the east and west of London. ...
Mexico compensates China rail firm image
Source : BBC [Read Article] Friday 22nd of May 2015 05:00:55 AM
....The ministry announced the amount to be paid to the firm on Thursday. If the deal had gone ahead, it would have resulted in Mexico becoming the first Latin American nation to have a bullet train after Brazil and Argentina had postponed their own rail projects. ...
Britain’s productivity crisis: beware all the usual simplistic solutions image
.... Some government capital projects that have been cancelled since the crisis would have boosted productivity; many merely represent a form of disguised consumption. The HS2 high-speed rail project would be a waste of money. ...
EU probes fraud claim over Lyon-Turin rail project image
Source : BBC [Read Article] Monday 9th of February 2015 06:46:22 PM
. The EU's anti-fraud office, Olaf, has opened an investigation into the Lyon-Turin high-speed rail project, after Green MEPs alleged serious misspending. ...
Majority of HS2 rail contracts will go to small businesses image
Source : Telegraph [Read Article] Monday 2nd of February 2015 07:17:53 PM
. Small firms are in line to take the lion’s share of contracts in the controversial £60bn HS2 high speed rail project. ...
How to get rich quick from Crossrail image
Source : Telegraph [Read Article] Tuesday 20th of January 2015 06:49:12 AM
.... . 400th apprentice appointed to work on the @Crossrail project http://t. ...
Shares in Japan reach a two-and-a-half month low image
Source : BBC [Read Article] Friday 16th of January 2015 02:29:15 AM
.... . Shares of trainmaker China CNR hit the upper 10% trading limit on being viewed as a favourite to win a major Mexican rail project. ...
Derby Bombardier wins £145m Gatwick train order image
Source : BBC [Read Article] Tuesday 18th of November 2014 04:40:06 PM
....A Bombardier spokesman said the order would "safeguard" jobs at the plant but no additional posts would be created as a result of the contract. Bombardier won a £1bn contract in February to provide 65 trains for the London Crossrail project, which is set to open in 2018. ...
Detroit: economic recovery in a bankrupt city image
Source : Telegraph [Read Article] Saturday 15th of November 2014 12:00:48 PM
.... It’s that openness to private investment that attracted Dan Gilbert, the billionaire owner of Quicken Loans who bought most of the city’s empty skyscrapers during the downturn. He has moved thousands of jobs into the city’s downtown in the past two years and is part-funding M-1 rail, an ambitious light-rail project that will link his 3m sq ft of real estate with midtown. ...
Mexico cancels China contract for high-speed train line image
Source : BBC [Read Article] Friday 7th of November 2014 09:59:45 AM
....Construction of the rail line, part of the government's plan to bolster the economy, was due to start in December, with services running from 2017. Mexico would become the first Latin American nation to have a bullet train after Brazil and Argentina postponed their own high-speed rail projects. ...
Questor share tip: Home improvement lifts Howden and Marshalls image
Source : Telegraph [Read Article] Thursday 6th of November 2014 06:00:00 AM
.... The paving company generates about two thirds of its sales from the public sector and a third from home refurbishment. Public sector orders jumped 21pc during the first 10 months on the back of strong orders from rail projects and homebuilding. ...
Cheaper cross-border phone charges in East Africa image
Source : BBC [Read Article] Wednesday 8th of October 2014 07:41:18 PM
....The East African Community is forging ahead with plans to build a new railway and road to connect the port of Mombasa in Kenya with Uganda and eventually South Sudan. The investment in the rail project from China will boost the region's economic fortunes. ...
Crossrail development drives property boom image
Source : Telegraph [Read Article] Saturday 27th of September 2014 06:40:58 PM
.... . “Tottenham Court Road has long been portrayed as the epicentre of the Crossrail project with huge amounts of development in the area and it is also one of the main central stations,” said Russell Quirk, the founder of Essex-based eMoov. ...
Engineering group Costain are hungry for more takeovers image
Source : Daily Express [Read Article] Friday 22nd of August 2014 12:01:00 AM
....Costain’s record order book is for a number of major infrastructure projects. Wins included Network Rail’s £2billion electrification programme, parts of London’s Crossrail project and a contract for Centrica's gas terminals. ...
Five cities outline £15bn One North transport plan image
Source : BBC [Read Article] Tuesday 5th of August 2014 11:48:03 AM
....He said better road and rail links would allow cities across northern England to "take on the world", as London had done. The chancellor said: "Of course £15 billion is a lot of money - it's about the size of the Crossrail project in London. ...
Hong Kong firm MTR wins £1.4bn Crossrail project image
Source : BBC [Read Article] Friday 18th of July 2014 10:25:24 AM
....MTR already operates the London Overground franchise with Arriva UK Trains, as well as running the metro system in Hong Kong. The huge Crossrail project, costing around £15bn to build, is the first complete new underground line in London since the Victoria line was built in the late 1960s. ...
High-speed rail link needed to boost north - Osborne image
Source : BBC [Read Article] Monday 23rd of June 2014 02:53:32 PM
....He said that in the past few decades giant global cities, such as London, had emerged - and that the string of northern cities, with better transport links and careful planning, could take them on and be "greater than the sum of their parts". Mr Osborne said the building of the east-west link should be considered as part of a review into the second phase of the £50bn HS2 high-speed rail project. ...
UK poised to push for more Chinese investment image
Source : Telegraph [Read Article] Sunday 15th of June 2014 08:00:26 PM
.... . Further Chinese investment in North Sea oil is also on the cards and China is “very interested” in the HS2 high-speed rail project – “although, clearly, HS2 is still some way off”, said Lord Sassoon, who will play a significant supporting role in discussions. ...
How to get the infrastructure spending show on the road image
Source : Guardian [Read Article] Saturday 31st of May 2014 11:05:33 PM
.... In a review for the Labour party, Sir John Armitt, a former chief executive of Network Rail, concluded that long-term funding can only come from the taxpayer. Behind London's £15bn Crossrail project, the £42bn HS2 line and more modest plans up and down the country stands the muscle of the government's budget and borrowing power. ...
Stick or twist: Should I buy or sell shares in Go-Ahead? image
Source : Telegraph [Read Article] Friday 30th of May 2014 10:23:12 AM
.... “Recent momentum has been positive after winning the bid last week. We believe Go-Ahead shares may rise further as the market begins pricing some probability of Go-Ahead’s candidacy for the Cross rail project, the outcome to be announced in late 2014,” he said. ...
Network Rail directors receive bonuses of £50,000 each image
Source : Guardian [Read Article] Friday 23rd of May 2014 12:20:28 PM
....The awards of 12. 5% of salary are about a quarter of the maximum possible and have gone to five directors, two of whom have left the company to run the HS2 high-speed rail project. ...
China embarks on 'mini' stimulus programme to kick-start economy image
Source : Independent [Read Article] Thursday 3rd of April 2014 10:37:43 AM
....Beijing has embarked on a mini-stimulus programme amid concerns over China's economic growth, shoring up sentiment in stock markets. Asian markets rose and London’s FTSE 100 was in positive territory as premier, Li Keqiang, announced plans for small business tax breaks and the speeding of up social housing and rail projects. ...

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