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CABR Continues Measured Progress (Updated June 29, 2024)
Liricon Capital Ltd. and Plenary Americas, a portfolio company of Caisse de dépôt et placement du Québec (CDPQ), in July 2022 advanced Phase 4, design, of the C$2.6 billion Calgary Airport –
Liricon Capital Ltd. and Plenary Americas, a portfolio company of Caisse de dépôt et placement du Québec (CDPQ), in July 2022 advanced Phase 4, design, of the C$2.6 billion Calgary Airport –
Alstom joins Pride at Work Canada (PaWC) to help support an inclusive workplace for LGBTQ+ employees. Also, Hitachi, Ltd. and Microsoft Corporation announce a three-year collaboration on AI (Artificial Intelligence).
Alstom on May 28 reported landing an approximately C$123 million contract from British Columbia’s TransLink for an additional six five-car Mark V trainsets, which will run on the SkyTrain automated rapid transit system in metro Vancouver. The contract was booked in the 2023/24 fiscal year, according to the manufacturer.
The Federal Railroad Administration (FRA) on May 24 reported issuing a waiver of its Buy America requirements to the Nevada Department of Transportation (NVDOT) for the planned Las Vegas-to-Rancho Cucamonga, Calif., high
Washington Metropolitan Area Transportation Authority (WMATA) is officially retiring its 1980s-era equipment from Italian firm Breda (now Hitachi Rail Italy). Also, the 2024 federal budget allocates $500 million to Santa Clara Valley Transportation Authority’s (SCVTA) BART Silicon Valley Extension Project in California; a new public transit development agency is eyed for Québec; and more transit-oriented development (TOD) is planned for Montréal.
Marine chassis provider and pool manager TRAC Intermodal appoints Katherine Whalen as Executive Vice President and Chief Legal Officer. Also, USA Rail Terminals hires James “J.J.” Lund Jr. as Director of Projects and Planning; and Dejah Singh joins HNTB as a fleet and facilities project manager.
Construction problems on an environmentally sensitive section of the line between Playa del Carmen and Tulum have caused numerous setbacks.
Alstom recently announced that its Coradia iLint™ hydrogen-powered train was awarded the 2024 Hydrogen Mobility Award on April 24 at the 2024 Canadian Hydrogen Convention Award gala in Edmonton, Alberta.
New York Metropolitan Transportation Authority (NYMTA) unveils its Climate Resiliency Roadmap. Also, Washington’s Central Puget Sound Regional Transit Authority (Sound Transit) earns a sustainability award for its Federal Way Link light rail extension; metro-Vancouver’s TransLink approves a 2024 investment plan to address overcrowding; and the final sections of Mexico’s Tren Maya project are expected to be completed in August.
Alstom, in an effort to reduce its debt load and negative cash flow position, on April 19 formalized a binding agreement with Knorr-Bremse AG, parent company of New York Air Brake (NYAB),