AUSTRALIA > US based Progress Rail has signed an agreement to acquire Downer Freight Rail

Progress Rail logo Progress rail, a Caterpillar company, has signed an agreement to acquire Downer Freight Rail. Downer Freight Rail provides a full suite of rolling stock, aftermarket parts and services. It is headquartered in North Ryde and has 15 maintenance facilities throughout Australia. With this acquisition, Progress Rail and Downer, that have already been in business for nearly 70 years, will further More …

TURKEY > France Based ADP to invest US$ 160 Million Additional Capital in Turkey’s TAV

TAV-Airports According to Reuters, French airport operator ADP will increase its stake in Turkish airport operator TAV Airports to 46% from its current stake of 38%. The cost for additional 8.12% stake will be around US$ 160 Million with valuation of TAV Airports’ equity at around $2.0 billion, or 19.2 Turkish lira per share. With this TAV will still remain a Turkish company, with More …

ENGLAND > US Based Boeing to invest $24.35Mn to open first European factory in Sheffield, UK

Boeing_full_logo.svg USA based Boeing is set to invest £20Mn ($24.35Mn) in Sheffield, UK for its first European factory. The investment is expected to create 30 new jobs. The 25,000 sq. feet production facility will make actuators for Boeing which is expected to cut supply chain costs.   About Boeing The Boeing Company is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, and satellites worldwide. The More …

SCOTLAND > Chevron Aircraft Maintenance to set up Centre of Excellence at Glasgow creating 82 jobs

Chevron Manchester, England based Chevron aircraft maintenance to establish a center of excellence for aircraft engineering, maintenance and training at Glasgow Prestwick Airport by January 2017 creating 82 jobs out of which 67 are highly skilled positions. Chevron will establish its new European headquarter with £8.5m ($10.81m) investment and additional £2m($2.54m) Regional Selective Assistance grants from Scottish Enterprise. The move to More …

NEPAL> Chinese companies keen to build rail network in Nepal

Chinese Rail Nepal Source: eKantipur (http://tinyurl.com/jsbnur9)               At least two Chinese companies have shown interest to develop rail networks connecting China with Nepal, and one of them has submitted a feasibility report for a rail link between Kathmandu and Pokhara. The China CAMC Engineering Company Ltd, which has submitted a feasibility report on Kathmandu-Pokhara electric railway, plans More …

NEPAL > Cable Car as an Urban Form of Transportation in Kathmandu ?

cablecar My Republica published the article titled  “Baudha to Tahachal in 30 minutes by cable car!” outlining a feasibility study done to address the need for a supplemental form of public transportation in Kathmandu. It further writes: “One can go from Baudha to Tahachal in 30 minutes by cable car and at a reasonable fare, according to a feasibility study. The More …