Company offers $710 million for Railtrack
As part of the acquisition, Network Rail would assume $9.2 billion in Railtrack debt, boosting the total value of the deal to at least $9.9 billion.
As part of the acquisition, Network Rail would assume $9.2 billion in Railtrack debt, boosting the total value of the deal to at least $9.9 billion.
Line will link the cities of Lyon, France and Turin, Italy.
Rail workers, who earn an average of $150 a month, launched their strike after failed talks with the government, which said it could agree to only a 3% wage increase.
George Warrington was nominated to become executive director of New Jersey Transit.
Transport Secretary Byers said Railtrack Plc was headed for a deficit of $995 million by December and $2.4 billion by March, forcing the company into insolvency in October 2001.
The dispute is over pay parity.
Fiber-optics allows more information to be gathered and tracked by rail agencies, improving operations management and scheduling.
More than a dozen proposed commuter rail projects are awaiting federal funding as agencies identify corridors that could help to relieve traffic congestion and reduce pollution with a relatively small capital investment.
A computer-controlled, driverless vehicle that blends science fiction and fact has begun a one-year demonstration project in Cardiff, the capital of Wales.
A total of nearly 430 people died.
A $20 billion proposal to modernize the London Underground through a public-private partnership (PPP) has been given the green light by the Board of London Transport, the body that oversees the subway.
A rail simulator will help better train operators.
Plan recommends breaking up the rail system and introducing competition.
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