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Schaeffler wins Railsponsible Supplier Award 2021

Schaeffler, one of the world’s leading automotive and industrial supplier, has received the Railsponsible Supplier Award 2021 in the “Climate Change and Circular Economy” category for its 100 percent return service for axlebox bearings. The award was presented at the 2021 Railway Forum, Europe’s top railway industry conference, in Berlin. Railsponsible is a sustainability initiative by the railway industry that fosters and celebrates outstanding environmental and social practices on the part of suppliers.

  • Railsponsible is a leading railway industry initiative for sustainable sourcing
  • Award marks “European Year of Rail” by honoring active contributions to climate protection
  • Schaeffler wins in “Climate Change and Circular Economy” category with its 100 percent return service for axlebox bearings
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Implenia wins sustainable Mobility Project in northern Italy: Construction of Fortezza-Ponte Gardena Railway Worth EUR 1.07B

Implenia’s consortium emerged as best bidder in March for the contract to plan and build a 22.5 kilometre section of high-speed railway line between Fortezza and Ponte Gardena. The contract, worth a total of EUR 1.07 billion has now been officially awarded. Connecting the Italian side of the Alps to the Brenner rail tunnel, the new line will form an important part of an improved European mobility network.

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Canadian Pacific and Kansas City Southern agree to combine to create the first U.S.-Mexico-Canada Rail Network

Canadian Pacific Railway Limited (“CP”) and Kansas City Southern (“KCS”) announced they have entered into a merger agreement, under which CP has agreed to acquire KCS in a stock and cash transaction representing an enterprise value of approximately USD$29 billion, which includes the assumption of $3.8 billion of outstanding KCS debt. The transaction, which has the unanimous support of both boards of directors, values KCS at $275 per share, representing a 23% premium, based on the CP and KCS closing prices on March 19, 2021 (and $270 per share, representing a 26% premium3, based on the respective CP and KCS 30-day volume weighted average prices (“VWAP”)).

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Webuild Group selected as best bidder for Fortezza-Ponte Gardena Railway extending from Brenner Base Tunnel

Webuild Group has been selected as best bidder to design and build a €1.07-billion high-capacity railway for about 22.5 km that would extend from the Brenner Base Tunnel between Fortezza and Ponte Gardena.The selection comes after the Group was recently announced as best bidder for a €1.26-billion project to design and build sections B2 and C of the Pedemontant Lombarda highway project, bringing to about €2.3 billion the combined value of the two new possible projects.

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