Japanese take over Rio suburban network

first_imgBRAZIL: A consortium of Mitsui and West Japan Railway has purchased a majority stake in Rio de Janeiro suburban operator SuperVia, at a reported cost of around ¥20bn. The Japanese trading group had previously held a 24% stake in the concessionaire, through its stake in SuperVia parent Odebrecht Mobilidad. It has been in talks since November 2018 about taking over the failing operator, which had R$1·5bn of debts to local banks including the national development bank BNDES. Heads of terms were agreed in February, and approved by competition regulator CADE in March. Under the deal, Mitsui’s local subsidiary Gumi increased its stake in SuperVia to 88·7%, with Odebrecht retaining the remaining 11·3%. According to Mitsui, this is the first time a Japanese group has taken a controlling stake in an overseas railway. The company has now brought in JR West to provide the necessary operating expertise and help turn the declining business around. Ridership on the 213 km five-line network is reported to have declined from around 1 million passengers/day in the early 2000s to less than 600 000 last year as a result of poor performance. ‘We will introduce our know-how and stabilise the business’, explained Yasushi Shimizu, General Manager of Mitsui’s Transport Projects division. The Japanese partners expect to spend around ¥3bn a year on revitalising the network, including the installation of a new signalling system to improve performance and allow the operation of more frequent services at shorter headways. Infrastructure maintenance will also be stepped up, and the power supply network modernised. The Rio suburban network comprises four 1 600 mm gauge routes totalling 164 km which are electrified at 3 kV DC and a single diesel-operated metre gauge line. SuperVia operates a fleet of around 500 EMU cars, including two builds of four-car EMUs supplied by CRRC Changchun in 2009-16, which are fitted with Toshiba traction equipment, and 10 eight-car Alstom Metropolis EMUs.last_img read more

Daniel Summerhays overcomes poor start and finishes with 74 in U.S. Open third round

first_imgUnlike the day before when he started fast and finished slow, Daniel Summerhays did the opposite in Saturday’s third round at the U.S. Open at Erin Hills Golf Course in Wisconsin.The 33-year-old former BYU All-American who lives in Fruit Heights got off to a terrible start with bogeys on his first three holes and a double bogey at No. 9 for a front-nine 40. However he righted the ship on the back nine with birdies at 13 and 17 for a back-nine 34 and a 2-over-par 74 for the day.That left Summerhays in a tie for 56th place, one back from his starting position on Saturday, at 3-over-par 219 for the tournament, 15 shots behind leader Brian Harman.For Sunday’s final round, Summerhays will tee off at 8:46 a.m. MDT with England’s Lee Westwood. Summerhays’ best finish in a U.S. Open came last year when he finished in a tie for eighth place.last_img read more

Lewas thumped by Bangladesh

first_imgBangladesh batted first and set a target of 215, thanks to Sharmin Akhter (56), Fargana Hoque (51) and Salma Khatun (32), who finished unbeaten.Sibona Jimmy (2/32), Mairi Tom (2/35) and Ravina Oa (2/23) were the only wicket takers for the Lewas.The Lewas’ run chase got off to a bad start after openers Norma Ovasuru (0) and Brenda Tau (1) were dismissed after only two overs bowled.Despite some fight from the middle order, the Lewas crumbled and were all bowled out for 97 after 32.1 overs.Rumana Ahmed was the pick of the bowlers for Bangladesh, taking 2/13 off her seven overs.In other results yesterday, South Africa def. Pakistan by 63 runs, Ireland def.  Zimbabwe by 119 runs and India def. Sri Lanka by 114 runs.last_img read more