Rail Business

The figure is below the previous estimate of £15.9bn as calculated in 2007, as well as the £17.8bn from 2009.

Freight from Italy will travel along this line before it passes through Central Asia on route to China.

Developers are submitting plans for a new high-speed line to the UK's Department for Transport (DfT) in response to a call for market-led proposals.

Representatives from Channel Tunnel operator Getlink, HS1, SNCF-Réseau and Infrabel have committed to join forces to coordinate ERTMS deployment.

North-South line - also known as Line 52 - is an idea that dates back to the 1960s.

This commitment matches a pledge from prime minister Malcolm Turnbull for A$5 billion to the airport rail link, meaning that construction could begin in 2022. 

Continuing the trend, GE Transportation has now secured its first locomotive deal in Chile.

Talgo has signed a 10-year deal with CRRC Sifang to make the Chinese manufacturer its primarily supplier of passenger information systems.

The RFP was initially issued in April last year but only CRRC Sifang America submitted a proposal.

Services on the high-speed line were originally scheduled to begin in December 2026.