Author Archives: Editor

Troubled LA metro faces funding withdrawal

FEDERAL FUNDING to complete the troubled Los Angeles metro system could be lost within months unless the Metropolitan Transportation Authority moves quickly to sort out its internal affairs, city officials warned this week.

Consultants battle to save jobs

BATTLE PLANS are being laid by consultants working on the Channel Tunnel Rail Link to save around 900 jobs under threat if London & Continental Railways fails to solve its funding crisis.

Takeover tips

PROJECT FINANCE experts and city lawyers agree the most likely CTRL rescue scenario would involve Railtrack taking control of London & Continental Railways, minus the loss-making Eurostar passenger train service.

What the papers say

NCE asked a senior government transport adviser how keen New Labour were on the Channel Tunnel Rail Link? He replied cryptically: 'They're not sure how enthusiastic they are. They'll be reading the papers to find out'.

Thameslink heads danger list

THAMESLINK 2000, Railtrack's £600M scheme to increase commuter routes through London, faces cancellation if the Channel Tunnel Rail Link does not go ahead.