General Electric Co. and Alstom have won contracts from India's state owned rail company worth a combined of $5.6 billion to supply and service diesel locomotives as the country works to modernise its infrastructure. The contracts are also the biggest deal to be awarded by India to foreign firms.
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China has approved close to 250 billion yuan ($40.30 billion) of railway and subway projects, the country's top economic planner said on Monday, as Beijing ramps up efforts to support growth amid a wider slowdown in the world's second-largest economy.
China's economy faces increased downward pressure, the premier has said, as the country prepares to announce first-quarter economic growth.
Thailand plans to build high-speed railway links connecting Bangkok to tourist destinations south of the Thai capital modeled on Japan's bullet trains, Thai Prime Minister Prayuth Chan-ocha said on Thursday.
China Railway Construction Corp (601186.SS) (1186.HK) has signed a deal worth nearly $12 billion with Nigeria to build a railway along the West African nation's coast, Chinese state news agency Xinhua said on Thursday.
Germany is set for days of transport chaos after a train drivers' union called a strike from Wednesday over pay and negotiating rights, threatening to disrupt this weekend's celebrations of the 25th anniversary of the fall of the Berlin Wall.
Private equity and hedge fund firms had set their sights on placing bets in infrastructure projects, stalled government transportation projects like railways and ports in particular.
In a surprise decision, Hyundai Rotem withdrew its IPO citing weak market conditions and industrial disputes.
Fortescue Metals Group announced its continued efforts to sell minority stake of their port and rail assets.
