Latest news from Heavy Lift & Project Forwarding International Magazine

EIB funds Lithuanian Railways

June 3 - The president of the European Investment Bank (EIB), Werner Hoyer, has signed a EUR50 million (USD65.2 million) loan agreement with Lithuanian Railways for the acquisition of new rolling stock.

This is the third EIB operation aimed at modernising Lithuanian Railways - the first was for the upgrading of railway infrastructure, with the second loan supplied for the purchase of new locomotives.
 
The third loan will be used to purchase 590 new wagons (150 tanks, 140 open-top, 100 covered, 200 platform wagons). The freight wagons will be used predominantly for cross-border railway traffic between Lithuania and CIS countries.
 
The EIB is the long-term lending arm of the European Union and is owned by the EU member states. It makes finance available to projects that contribute towards EU policy goals. In this case, the new rolling stock will contribute toward the EU and Lithuania's environmental targets. The new wagons will reduce noise pollution by approximately 50 percent, decrease maintenance costs, improve net weight ratios and boost efficiency.
 
 
www.eib.org
www.litrail.lt

Heavy Lift | News

USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 42
Maxim names duo for Pacific Northwest thumbnail image

Maxim names duo for Pacific Northwest

May 24 - Maxim Crane Works has appointed Travis Wilt and Alex Clark to lead the expansion of its services in the Pacific Northwest region of North America. 
Views: 71
PPG restructures training course thumbnail image

PPG restructures training course

May 24 - The Project Professionals Group (PPG) has restructured its project cargo forwarding training course into a one-day format.
Views: 68
Crosby acquires Gunnebo Industries thumbnail image

Crosby acquires Gunnebo Industries

May 24 - Lifting, rigging and material handling equipment supplier the Crosby Group has acquired Sweden-headquartered Gunnebo Industries from Nordic private equity firm Segulah.
Views: 97

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