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Showing posts from April, 2015

China trainmakers seek controlling stake in Bombardier-sources

BE IJING, April 29(Reuters) - China's top two trainmakers have been in discussions with Bombardier Inc about possibly buying a controlling stake in the Canadian company's railway unit, two sources with direct knowledge of the matter said. China CNR Corp Ltd and state-owned CSR Corp Ltd , now in the process of merging to create the world's biggest railway company, are exploring a stake purchase of the Bombardier unit, complementing China's plan to sell its high-speed rail technology abroad, the sources said. But discussions can not move forward until after the Chinese trainmakers complete a planned $26-billion merger next month, said a person close to one of the Chinese companies.

VIA Rail looks at private funds to build own tracks

NOTE:  Only in Canada, would we spend $3 billion to have train speeds that saves only 15minutes in travel time from train schedules between Toronto and Montreal that existed in the1970s (45 years ago!) and think this is a win. TORONTO STAR - VANESSA LU - With freight traffic clogging railroads, VIA Rail is considering strategy to raise $3 billion in private investment to build dedicated passenger tracks from Toronto to Ottawa and Montreal. VIA Rail is looking at raising $3 billion in private investment to buy and build its own dedicated passenger tracks from Toronto to Ottawa and Montreal, a move that could speed up service dramatically.