News Headlines - 01 March 2011

▽UK sticks with plans to buy Hitachi trains - Reuters
Britain said on Tuesday it would push ahead with plans to replace its ageing Intercity Express trains, keeping a consortium including Japanese industrial conglomerate Hitachi (6501.T) as preferred bidder.

▽Newton Aycliffe wins approval for Hitachi investment - BBC
Agility had already committed to build its assembly plant in Newton Aycliffe, should it win the contract.
It is hoped the contract details can be finalised by the end of the year.

▽£4.5bn Hitachi deal to bring 500 jobs to County Durham - The Northern Echo
The deal will see the company build a fleet of bi-mode diesel trains with the capability of running on electric or diesel.Mr Hammond said Hitachi had pledged to build a huge assembly plant at Newton Aycliffe

▽Government on track for £4.5bn Hitachi train deal - ChronicleLive
Trains will begin rolling off the production line in 2016 and run on the East Coast and Great Western Main Lines - although the project has been scaled back from plans put forward by the last Labour Government.
Up to 1,400 coaches were planned under the original £7.5bn scheme, with trains being delivered from 2013. More than one million additional seats were promised a year.

▽DfT to press on with £4.5bn train order - Financial Times
The order for 500 carriages has been sharply scaled back compared with the £7.5bn programme for up to 1,400 carriages for which Hitachi’s consortium – known as Agility Trains – was named preferred bidder in February 2009.







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