Rail

Hitachi purchases manufacturer of Honolulu's rail system

Posted on February 25, 2015

Rendering courtesy of Honolulu Rail Transit
Rendering courtesy of Honolulu Rail Transit

HONOLULU — Hitachi Ltd. will purchase Finmeccanica's stake in Ansaldo STS SpA and AnsaldoBreda SpA — the Italian train manufacturer contracted to design, build, operate and maintain Honolulu's rail transit system — in a deal valued at $2.2 billion, reported the Star Advertiser.

Finmeccanica owns all of AnsaldoBreda, which is unprofitable, and 40% of Ansaldo STS, which is profitable, according to the report. The two Ansaldo companies formed a joint venture, Ansaldo Honolulu JV, to design and build the 20-mile, 21-station elevated train system for Oahu under a $1.4 billion contract. Finmeccanica, an Italian defense company, has been trying to sell off its rail assets for the past several years. For the full story, click here.

View comments or post a comment on this story. (0 Comments)

More News

NJ Transit continues to implement rail safety upgrades

Rail Operations is currently in the process of replacing all stub end tracks at Hoboken Terminal with new sliding friction bumper blocks, as well as advancing a speed control system for trains entering Hoboken Terminal.

WSP USA projects recognized with three Calif. transportation awards

The Exposition Line Light Rail in Los Angeles received the California Transportation Foundation's Overall Project of the Year award.

City Council approves transfer of Atlanta Streetcar to MARTA

The $99 million streetcar opened in December 2014 amid sky-high expectations, but ridership failed to meet expectations in its first year and plummeted nearly 60% after the city began charging $1 to ride.

Honolulu officials submit new light rail plan to FTA

The total project cost included in the new plan remains at $8.165 billion for capital costs exclusive of finance charges, with full revenue service scheduled for December 2025.

Alstom to supply traction system in Chengdu, China

The contract is worth approximately $68.3 million. The line is expected to start revenue service by the end of 2019.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close