News in Numbers
Alstom saw its greatest share drop in more than 20 years following the release of its H1 2023 results, with the 35% drop off wiping €3bn from the French rolling stock manufacturer's market value.
Swiss Federal Railways says that the Gotthard Base Tunnel, damaged by a derailed freight train in August of this year, may not return to full capacity until September 2024. The repairs could cost between €100m-€135m ($107m-$144m).
The Office of Rail and Road, the UK’s railway industry regulatory body, has given its approval to the £43bn five-year financial plan laid out by Network Rail, which covers ‘Control Period 7’ (CP7) between April 2024 and March 2029.
Germany’s Federal Minister for Transport has announced a €40bn ($42.7bn) investment will be made available through 2027 to address the country’s neglected rail infrastructure.
The Austrian Government has announced a €21.1bn ($22.48bn) investment into the country’s rail network through national railway company ÖBB’s new framework plan, which outlines an expansion of services in line with ambitions to promote rail as a more sustainable travel option.