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Porterbrook has successfully closed a £250 million private funding deal, expanding its investor base and securing financing for sustainable rail projects across the UK.
The $2.4 billion in grants will allow for significant rail improvements across 41 states, enhancing safety and efficiency in transportation while supporting local economies and the rail workforce.
The High Speed Rail Group's latest report urges the government to develop a long-term rail strategy and engage with private investors to address funding challenges and improve infrastructure delivery.
Greater Manchester has approved £1.31 million in funding to advance its high-speed rail and Northern Powerhouse Rail proposals, focusing on improving connectivity at key stations.
The Federal Railroad Administration has signed a $3 billion grant agreement for Brightline West, the first U.S. high-speed rail project, set to connect Southern California and Las Vegas with trains travelling over 200 mph by 2028.
The Chief Executive of the Rail Safety and Standards Board has called on the rail freight sector to co-fund research efforts to achieve a 75% increase in rail freight by 2050.
Local leaders have approved a £96 million funding package for the construction of the Liverpool Baltic station, part of Mayor Steve Rotheram's initiative to enhance rail access and promote sustainable transport in the city region.
In this week’s ‘Good News Friday’, we cover Union Pacific's community grants supporting local initiatives, Great Northern's biodiversity efforts and GTR's award-winning solar energy project.
Baltic Transport Ministers have called for increased EU investment in cross-border infrastructure projects, emphasising the importance of enhancing military mobility and completing key initiatives like Rail Baltica.
Critics warn that increasing Deutsche Bahn's equity instead of funding rail infrastructure could raise costs for rail freight, hindering the shift from road to rail.
Rail Baltica is advancing its development by exploring a Public-Private Partnership model, inspired by the success of the Porto-Lisbon High-Speed Rail project, to enhance financing and reduce state budget burdens.
TfL has unveiled plans for a new DLR extension from Gallions Reach to Thamesmead, which has received widespread public support and promises significant economic and housing benefits.
Greater Wellington and Horizons regional councils welcome a new co-funding agreement to purchase 18 trains and upgrade infrastructure, doubling peak-time services on the Wairarapa and Manawatū lines.
The Railway Industry Association highlighted the financial impacts of the HS2 project changes and expressed concerns over the recent spending review and cancellation of the Restoring Your Railways programme.
Govia Thameslink Railway has awarded £448,000 in grants to 37 organisations for community projects, aiming to surpass 2023’s £150 million in social value.
