News - Railway transport

25/10/2011
United Bulgarian Bank has seized the accounts of four main units of Railway Infrastructure Holding Company because of overdue loans aggregating 33 million euro and has put up for sale assets of its Rousse-based Locomotive and Wagon Factory, the holding company said.

The public auction of the assets started on October 3 and will run till November 3. According to the statement, the outstanding sum of 33 million euro under the loan agreements with UBB has been accumulated by the plant in Rousse alone.

The distraint on the accounts and receivables of Railway Infrastructure Holding's subsidiaries Locomotive and Wagon Factory, Repair and Reconstruction Enterprise Koehne, National Research Institute of Transportation and Factory for Armoured Concrete Constructions was levied on September 16.

Railway Infrastructure Holding Company is one of the infrastructure companies controlled by Bulgarian tycoon Vassil Bozhkov, together with road construction group Holding Roads and bridge builder Moststroy, which was declared bankrupt.

Several months ago, the company's report showed that it had 33 million euro in arrears. The auditors from HLB Bulgaria said at that time that it was not clear whether the company would be able to cover the debt going forward.

Railway Infrastructure Holding Company ended 2010 with a net loss of 27 million leva.

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10/01/2011
Russian Railways to sell Freight One stake

The government is to auction 75% minus two shares in Russian Railways' First Freight Company as a single lot.

The starter price is set by an independent appraiser and amounts to 115.5 billion rubles (about USD 4.15 billion. Dol.).

President of RZD, Bladimir Yakunin commented that the price of the offered package may increase by 20%.

The Federal antitrust office of Russia announced that documents for the purchase of the largest Russian operator have submitted six companies.

Currently Freight One owns more than 200 000 units of rolling stock of various types. The company’s share of all rolling stock in the Russian Federation is 22%. In 2010 Freight One hauled more than 302,3 million tons of various freight.

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09/20/2011
New products offered by EASTRA Ltd.

Point Bushes, Bush Inserts

Material: PAS-LGX

The bushes are integrated into the drill holes for tracks, linkages and points systems. A long lifetime without greasing and in some cases, even the electrical insulation are expected. Both have been exceptionally well fulfilled for decades by means of the material PAS-LGX. Large forces are effective and in addition, the component made from PAS-LGX is exposed, practically unprotected, to the weather. However, with these bush inserts, a much longer serviceable life is achieved than with customary metal bushes.

These bushes have been in use in Austria and, with their use in the VAE, in the whole world. The material PAS LGX braves all loads which occur with use in points. The material specially developed for this purpose combines a very high mechanical stability with good dry running characteristics and electrical insulating property. Exceptions are high temperatures on points with gas heating. The bushes are designed slotted and are mounted by means of a key. During trials with the DB a new bush was developed by faigle which is mounted with the minimum of effort and which has an even longer lifetime. By omitting the key, the costs for stocks and the component have also dropped. Fabrication takes place chiefly with the injection moulding process with subsequent mechanical finishing. To make the holding of stocks and assembly easier, each points bush is labelled with the most important data.

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