Siemens Mobility to acquire RailTerm
Siemens Mobility announced that it is acquiring RailTerm. RailTerm is a Canadian-based transportation company that provides rail operation services including dispatching, track and signal maintenance, as well as intermodal terminal management and serves more than 70 clients around the world.
With this acquisition, Siemens Mobility in Canada will expand its existing portfolio with on-the-ground track and signaling, electrification and communication systems and create jobs in an innovative digital industry.
Country updates
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May 31, 2021
Final close achieved for DIF Core Infrastructure Fund II
DIF Capital Partners (DIF) has announced the final close of DIF Core Infrastructure Fund II (DIF CIF II) at EUR1.012 billion (US$1.23 billion), exceeding its EUR1 billion (US$1.21 billion) target...
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May 27, 2021
Strabag wins USD4.5 billion subway extension PPP project in Canada
Infrastructure Ontario (IO) and Metrolinx have awarded a fixed-price contract of CAD757.1 million (USD626.25 million) to Strabag to design, build and finance the tunnel for the Scarborough Subway Exte...
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May 26, 2021
Financial close for ECWE Advance Tunnel Project in Toronto
West End Connectors consortium, led by Aecon Group, has reached financial close on the Eglinton Crosstown West Extension (ECWE) Advance Tunnel project in Toronto, Canada. The contract for the pro...
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May 26, 2021
Construction begins for USD2.34 billion Subway PPP project in Canada
The joint venture of GHELLA and Acciona has commenced the construction works for the Broadway Subway Project in Vancouver, Canada.
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May 25, 2021
Deadline extended for senior housing PPP in Edmonton
Greater Edmonton Foundation (GEF) in Alberta, Canada has extended the deadline to respond to RFP for developing a senior-friendly, environmentally friendly, and financially sustainable senior housing...
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