Beacon Rail Leasing completes Ascendos acquisition

Beacon Rail Leasing completes Ascendos acquisition

Beacon Rail Leasing has completed its acquisition of Ascendos Rail Leasing after receiving clearance from Germany’s competition authorities.
Combined, the new European rolling stock leasing company has a fleet of 225 locomotives, more than 1,000 freight wagons, 55 passenger trains and 67 double-deck coaches.
Ted Gaffney, chief executive officer of Beacon, said: “The closing on the acquisition of Ascendos marks the beginning of a new chapter for Beacon Rail.
“We are committed to providing quality, state of the art rolling stock to the UK and European freight and passenger markets and welcome the Ascendos employees to the Beacon family.”
In May, Beacon Rail Leasing announced an order with CAF for 13 sets of five-car intercity carriages, which it will subsequently lease to TransPennine Express. The carriages will be hauled by the company’s Class 68 diesel locomotives.

MVG brings first new U-Bahn train into passenger service

MVG brings first new U-Bahn train into passenger service

MVG has put the first of its new C2 metro trains in passenger service on line U6 in Munich.
MVG said it had received “temporary” approval to operate the train between Kieferngarten and Garching-Forschungszentrum and expects to receive approval for two more sets very soon.
The trains are expected to be gradually introduced onto other routes, with a further 18 units still to be delivered by Siemens. MVG has ordered 21 trains in total – 126 cars – at a cost of €185 million.
The C2 has a maximum capacity of 940 passengers, compared to 912 passengers for the C1.
MVG chief executive Herbert King said the operator was now “urgently” looking to gain permission to run the trains on busier routes.

Canadian Government announces major investment in BC rail infrastructure

Canadian Government announces major investment in BC rail infrastructure

Canada’s Primer Minister, Justin Trudeau, and the Premier of British Columbia, Christy Clark, visited the Vancouver SkyTrain’s operations centre in Burnaby to announce a $900 million programme of investment in the province’s public transport network.
The investment package includes the procurement of new SkyTrain vehicles for the Expo, Millennium, and Canada lines, upgrades to SkyTrain stations, a new West Coast Express locomotive and funding for the design work for the Millennium Line extension.
In a statement, Christy Clark said: “British Columbia is leading Canada, and as our economy continues to grow, transit infrastructure needs to keep pace.
“This investment will help meet rising demand, ease congestion, lower our carbon footprint, and enhance our quality of life.”
The funding is part of the Canadian Government’s $120 billion ‘Investing in Canada’ programme.
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