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...The private sector will continue to play an important role in Labour’s promised state-owned UK railways after the party decided against nationalising the companies that own the thousands of trains that run...
...It noted major cyber attacks by “pro-Russia hacker groups” on railway companies in Latvia, Lithuania, Romania and Estonia....
...Labour has indicated it would set up a similar public body to Great British Railways but would not contract out the running of services to private companies....
...Rolling-stock leasing companies, or Roscos — which are owned by financial investors and were set up to supply new trains to the UK railway following privatisation in the 1990s — will remain....
...Take for example the case of Russian Railways, the state-owned transportation company that plays a key role in Russia’s war effort....
...Yet, few places have mastered the art of managing and modernising their railways. Rail standards vary between countries, and within them....
...a railway engineering writer and academic....
...But for some years now JR Central, the company that operates the existing shinkansen line between Tokyo and Osaka, has been looking to best itself with a ¥9tn ($60bn), 500km/h magnetically levitating train...
...This is not because companies do not need new trains....
...Japanese companies did not submit proposals during the expression-of-interest process that ended on January 15....
...“The government decided and the company decided to let cost-plus contracts where 99 per cent of the financial risk is with the government....
...“This is the worst I have seen in my 40 years in the industry,” said David Clarke, technical director at the Railway Industry Association, which represents companies in the supply chain....
...“I cannot accept this railway line being left in this perennial state of chaos.”...
...The works were opened in 1843 by the Great Western Railway to serve as a central repair station for the locomotives on Isambard Kingdom Brunel’s new railway....
...In neighbouring Norway, a defence company was unable initially to expand its main factory; a data centre for TikTok, the Chinese-owned social media platform, had taken the region’s remaining power surplus...
...A Chinese state-owned company has dropped its bid to build trains for Bulgarian railways just six weeks after the EU announced an investigation into alleged subsidies it had received....
...And the AFL-CIO sided with management at Norfolk Southern railway to fend off Ancora, an activist investor seeking board seats....
...And I think the danger is you’ve got a nationalised railway sector with a very strong railway set of railway unions as well, who as we know from recent experience, are very prone to strike....
...Train companies negotiate with the union, but the industry’s finances are controlled by the Department for Transport (DfT)....
...During the Corbyn years, FT producer extraordinaire Tom Hannen and I made a short video: ‘Why did the UK sell off the railways?’...
...Ashley will not be paid for the advice he gives to the company....
...Britain’s new HS2 high-speed railway line offers “very poor value” for money and neither its managers nor the government are able to explain its benefits, a cross-party committee of MPs has warned....
...The government is now trying to get his companies to pay what it says is some 63bn pesos ($3.8bn) in unpaid taxes....
...Are the railways a good enough company to justify the pricing premium over Ukraine’s sovereign bonds? Have these state-owned companies somehow become profit machines during the war?...
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