Rail Agency News
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Transnet SOC Ltd., South Africa’s state-owned ports and rail operator, is giving up a state guarantee for its debt as borrowing costs fall amid a seven-year infrastructure spending plan.
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South Africa’s state railway agency faces a courtroom battle over its choice of an Alstom SA-led group as preferred bidder for a 51 billion rand ($5.6 billion) contract after a rival candidate appealed the award.
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Transnet Ltd. is in talks to sell its Blue Train luxury passenger-train service for 1 rand ($0.14) to the Passenger Rail Agency of South Africa, Business Day said, citing Transnet’s annual report.
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More than 100 San Francisco Bay Area Rapid Transit police officers had their personal information hacked and posted online, marking the second major cyber attack against the rail agency in the past four days.
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The Passenger Rail Agency of South Africa needs a 5 billion rand cash injection from the government to start its fleet modernization program, Business Day reported, citing Chief Executive Officer Lucky Montana.
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The European Railway Agency will publish a report today backing Eurostar Group Ltd.’s plans for the introduction of new, German-built trains to the Channel Tunnel, the Financial Times reported, citing a draft copy of the report.
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South African Airways SOC Ltd., the nation’s state-owned carrier, has plans in place to keep flying should some workers start a strike tomorrow because of a dispute about union recognition, an airline spokesman said.
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San Francisco Bay Area Rapid Transit shut down its MyBART site yesterday after a hacker obtained the contact information of at least 2,400 users, a move that the Internet group known as Anonymous said it orchestrated.
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The Passenger Rail Agency of South Africa has suspended service because of a strike over pay, it said on its website today.
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South Africa signed a memorandum of understanding with China to improve the African nation’s railway services, the Department of Transport said.
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