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Thursday briefing: Alstom plans to raise �1bn




Alstom
cash
call



Train
maker
Alston
is
hoping
to
raise
a
billion
Euros
(£860
million)
from
its
investors
in
a
bid
to
reduce
its
debts.
Alstom
had
warned
that
its
factory
in
Litchurch
Lane
Derby
was
facing
closure,
but
it
may
have
been
rescued
by
an
order
for
10
Elizabeth
Line
trains
which
would
be
used
to
enlarge
the
existing
Derby-built
fleet.
Alstom
is
also
planning
a
bond
issue
worth
€750
million.





Underground
alarm



Anxious
passengers
broke
windows
to
escape
from
a
tube
train
stalled
at
Clapham
Common
station
in
south
London
on
5
May
last
year,
the
Rail
Accident
Investigation
Branch
has
reported.
The
passenger
alarm
had
been
used
after
smoke
and
a
burning
smell
had
been
noticed
on
board
the
train,
only
part
of
which
was
on
the
platform.
Staff
began
opening
the
doors
about
four
and
a
half
minutes
after
the
train
had
stopped,
but
a
few
passengers
were
slightly
hurt
during
their
bid
to
escape.
The
RAIB
found
that
‘they
did
not
receive
suitable
information
or
see
any
effective
action
from
London
Underground
staff’.




HS2
Euston
cash



Labour
has
criticised
the
government
following
reports
that
£1
billion
in
public
money
could
be
spent
on
the
HS2
development
at
London
Euston.
Shadow
transport
secretary
Louise
Haigh
said:
‘Last
year
the
Prime
Minister
took
to
the
conference
stage
and
promised
Euston
would
be
privately
financed

a
promise
he
knew
he
could
not
keep.
Now,
as
a
result
of
his
dishonesty
and
delay,
even
more
taxpayers’
money
is
being
added
to
the
woefully
mismanaged
HS2
bill.
Ministers
urgently
need
to
clarify
where
this
funding
will
come
from,
and
why
they
failed
to
consider
this
cost
when
making
decisions
around
HS2.’




Railway
200
website



The
industry
initiative
Railway
200
has
launched
a

new
website

giving
more
details
about
next
year’s
festival,
which
is
timed
for
the
200th
anniversary
of
the
opening
of
the
Stockton
&
Darlington
Railway
and
will
celebrate
the
railway

past,
present
and
future.
An
exhibition
train
is
set
to
tour
Britain
during
2025,
and
local
organisations
around
the
country
are
being
invited
to
take
part
in
the
event.

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