Tag Archives: modernization

Stadler Partners with Metropolitano de Lisboa to Supply 24 New Metro Vehicles in Major Modernization Effort

(IN BRIEF) Stadler has signed a contract with Metropolitano de Lisboa for the supply of 24 new metro vehicles, with an option for 12 additional units, in a deal worth €134 million. This agreement, witnessed by key Portuguese officials, marks … Read the full press release

České dráhy Secures €300 Million EIB Loan to Modernize Czech Rail Fleet for Enhanced Safety and Sustainability

(IN BRIEF) The European Investment Bank (EIB) has provided a CZK 7.61 billion (€300 million) loan to České dráhy, the Czech Republic’s national railway operator, to modernize and expand its rail fleet. The funding will enable České dráhy to purchase … Read the full press release

EIB Boosts Funding for Stockholm’s Slussen Revamp, Advancing Sustainable Urban Development

(IN BRIEF) The European Investment Bank (EIB) has granted an additional €264 million to the ongoing redevelopment of Stockholm’s Slussen area, which aims to modernize infrastructure and enhance sustainability. This funding builds on an earlier €382 million loan and will … Read the full press release

Stadler Partners with SZU to Modernize Signalling Systems and Deliver New Trains for Zurich Rail Network

(IN BRIEF) Stadler Signalling AG has entered into a partnership with Sihltal Zürich Uetliberg Bahn (SZU) to modernize SZU’s signalling systems by 2034 as part of the SZU_4.0 modernization initiative. The 34 million franc contract includes upgrading signal boxes and … Read the full press release

Ericsson Wins 5G Contract with Chunghwa Telecom to Modernize Network and Boost Energy Efficiency

(IN BRIEF) Ericsson has secured a major 5G contract with Chunghwa Telecom, Taiwan’s leading service provider, to modernize its mobile network with energy-efficient 5G Radio Access Network (RAN) solutions. The contract includes the deployment of cutting-edge technologies like the dual-band … Read the full press release

BAE Systems Lands $177.8M Contract to Modernize USS Halsey

(IN BRIEF) BAE Systems has been awarded a $177.8 million contract by the U.S. Navy to modernize and maintain the USS Halsey, an Arleigh Burke-class guided-missile destroyer. The contract, which could reach $225.5 million if all options are exercised, involves … Read the full press release

Colas Secures €77 Million Contract to Modernize Key Railway Line in Czech Republic

(IN BRIEF) Colas CZ and Colas Rail have secured a €77 million contract to modernize an 8-kilometer railway line in Northern Bohemia, Czech Republic. The project, which will begin in September 2024 and finish in 2027, involves upgrading tracks, signaling … Read the full press release

Cleareye.ai and Lloyds Bank Forge Groundbreaking Partnership to Modernize Trade Finance with AI

(IN BRIEF) Cleareye.ai has partnered with Lloyds Bank to enhance trade finance operations through advanced AI technology. Starting this month, Lloyds Bank will use Cleareye.ai’s ClearTrade platform, which employs optical character recognition (OCR), machine learning, and natural language processing to … Read the full press release

Siemens Mobility to Overhaul Europe’s Largest Light Rail System in €180 Million Digital Upgrade

(IN BRIEF) Siemens Mobility has been awarded a €180 million contract by Ruhrbahn GmbH to modernize Europe’s largest light rail interlocking system in Essen and Mülheim an der Ruhr. By 2031, the project will replace outdated relay interlockings with advanced … Read the full press release

Turkcell and Ericsson Partner to Trial 5G Cloud RAN, Pioneering Next-Gen Network Flexibility in Türkiye

(IN BRIEF) Turkcell has successfully completed a trial of Ericsson’s 5G Cloud RAN technology, becoming one of the first telecom operators globally to explore this advanced solution. The deployment marks a significant step in Turkcell’s network modernization efforts, enhancing flexibility … Read the full press release

Cathay Group Strengthens Fleet with Order for 30 Airbus A330-900 Aircraft

(IN BRIEF) Cathay Group’s order for 30 Airbus A330-900 aircraft underscores its commitment to fleet modernization and sustainability. These new aircraft will enhance Cathay’s operational flexibility and fuel efficiency, supporting its regional and long-haul routes while contributing to its net-zero … Read the full press release

NIB Commits EUR 100 Million for Modernization of Hospital Infrastructure in North Savo

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into an uncommitted credit facility of EUR 100 million with the Wellbeing Services County (WSC) of North Savo, Finland, marking their second loan agreement. This 20-year loan is designated for the … Read the full press release

Fortum Commits to Clean Energy Future with Malta Hydropower Plant Modernization

(IN BRIEF) Fortum embarks on a EUR 20 million investment to modernize the historic Malta hydropower plant in Uvån, Sweden, dating back to 1914. This extensive modernization aims to enhance the plant’s efficiency, extend its lifespan, and increase annual production … Read the full press release

Eviden Partners with IGM Financial Inc. for Cloud Migration and Modernization

(IN BRIEF) Eviden, a business within the Atos Group specializing in digital, cloud, big data, and security solutions, has been chosen by IGM Financial Inc., a prominent wealth and asset management company in Canada, for a one-year contract to transition … Read the full press release

EBRD Funds Modern Wastewater Treatment Plant in Kazakhstan’s Aktobe

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is spearheading efforts to tackle water treatment and environmental challenges in Aktobe, Kazakhstan’s fourth-largest municipality, through the financing of a new wastewater treatment plant and associated infrastructure. With a sovereign … Read the full press release

ETZ Hospital Secures €115 Million Financing for Modernization and Sustainability Drive

(IN BRIEF) ETZ hospital has finalized a €115 million financing deal with the European Investment Bank (EIB) and BNG Bank to support the modernization of its St. Elisabeth location in Tilburg. This funding will facilitate the construction of a new … Read the full press release

EIB Approves PLN 2 Billion for ENEA’s Electricity Grid Modernization in Poland, Boosting Sustainability and Energy Reliability

(IN BRIEF) The European Investment Bank (EIB) has given its approval for a second loan tranche of PLN 1 billion to ENEA to support the modernization and renovation of the electricity distribution network in western Poland. This follows the first … Read the full press release

INSEAD Secures €60 Million Loan from EIB for Europe Campus Renovation

(IN BRIEF) INSEAD, the global business school, has signed a €60 million financing agreement with the European Investment Bank (EIB) to support its Europe Campus Reimagination project. The loan will facilitate the modernization and expansion of the INSEAD Europe Campus … Read the full press release

Voith and Schumacher Packaging Successfully Upgrade PM 2 in Poland for Doubled Production Capacity and Sustainability

(IN BRIEF) Voith and Schumacher Packaging have achieved the successful startup of PM 2 in Myszków, Poland, following a comprehensive modernization project. The rebuild, led by Voith, has doubled the production capacity of lightweight containerboard grades from 500 to 1,000 … Read the full press release

EBRD Grants $10 Million Loan to Atameken-Agro for Agricultural Modernization and Environmental Enhancement in Kazakhstan

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Atameken-Agro, a leading agricultural holding in Kazakhstan, to support the modernization and environmental improvement of its agricultural machinery. This initiative aims to enhance … Read the full press release

Austria’s Comprehensive Air Defense Modernization Contract Awarded to Rheinmetall for €532 Million

(IN BRIEF) Austria’s Ministry of Defence has awarded Rheinmetall a contract worth €532 million (excluding value-added tax) for the comprehensive modernization of its existing Skyguard air defense systems, as part of its “Mission Forward” rearmament program. This ambitious project includes … Read the full press release

Accenture Partners with Bankdata to Modernize Capital Markets Platform in Denmark

(IN BRIEF) Accenture has entered into a multi-year agreement with Bankdata, a major fintech company in Denmark and the Nordic region, to transform and migrate its capital markets platform to the cloud. Bankdata will utilize Accenture’s Applied Technology and Operations … Read the full press release

Ericsson Partners with Appalachian Wireless to Bring 5G Connectivity to Rural Eastern Kentucky

(IN BRIEF) Appalachian Wireless, an East Kentucky Network (EKN) company, has selected Ericsson for a multi-year Radio Access Network (RAN) modernization project to bring 5G technology to underserved communities in eastern Kentucky. This partnership aims to bridge the digital divide … Read the full press release

Catalyzing Green Energy: EIB Commits €700 Million for Naturgy’s Power Network Upgrade in Spain

(IN BRIEF) The European Investment Bank (EIB) has approved a €700 million loan to support the expansion and modernization of Naturgy’s electricity distribution network in Spain. The first tranche of €500 million has been signed in Madrid, and the project … Read the full press release

AF Gruppen Secures SEK 134 Million Contract for Busör Sewage Treatment Plant Modernization

(IN BRIEF) AF Gruppen, a construction and engineering company, has been awarded a contract worth SEK 134 million (excluding VAT) for the construction and modernization of the Busör sewage treatment plant in Halmstad municipality. The project, undertaken as a turnkey … Read the full press release

EIB Provides €50 Million for Bocconi University Campus Upgrades and Decarbonization

(IN BRIEF) The European Investment Bank (EIB) has signed a €50 million loan agreement with Bocconi University in Milan to support the modernization and decarbonization of its campus facilities. This initial tranche of €30 million will fund the construction, renovation, … Read the full press release

Terna Modernizes Naples Metropolitan Area’s Electricity Grid with Sustainable Technology

(IN BRIEF) Terna, Italy’s national grid operator, is continuing its modernization efforts for the electricity grid in the metropolitan area of Naples. This phase involves replacing a 5 km underground cable with a more reliable and sustainable XLPE (cross-linked polyethylene) … Read the full press release

BAE Systems Unveils Armored Multi-Purpose Vehicle (AMPV) at DSEI 2023, Highlighting Its Role in U.S. Army Modernization

(IN BRIEF) BAE Systems is set to debut the Armored Multi-Purpose Vehicle (AMPV) at DSEI 2023, presenting its capabilities and future growth potential to U.S. allies and NATO partners. The AMPV, recently approved for full-rate production, serves as a foundational … Read the full press release

Annual Outage Initiates at Fortum’s Loviisa Nuclear Power Plant for Maintenance and Modernization

(IN BRIEF) Fortum’s Loviisa Nuclear Power Plant in Finland is preparing for its annual outage, commencing with Unit 2 on August 20th, followed by Unit 1. Both units will undergo a brief refuelling outage lasting approximately 37 days. This maintenance … Read the full press release

BAE Systems and Parsons Join Forces for Holston Army Ammunition Plant Modernization and National Security Enhancement

(IN BRIEF) BAE Systems Ordnance Systems Inc. is collaborating with Parsons Corporation to undertake the modernization of the Holston Army Ammunition Plant, as they seek to become the operating contractor until 2035. BAE Systems will bring its expertise in program … Read the full press release

ESSP Selected as Service Provider for Iris Air Traffic Modernization Program

(IN BRIEF) ESSP (European Satellite Services Provider) has been appointed as the service provider for the groundbreaking Iris air traffic modernization program. Led by the European Space Agency (ESA), Iris utilizes digital satellite communications to enhance collaboration between pilots and … Read the full press release

Saint-Gobain to Invest $235 Million in Palatka Facility for Gypsum Production Expansion and Modernization

(IN BRIEF) Saint-Gobain North America has announced plans to invest $235 million in its CertainTeed gypsum manufacturing facility in Palatka, Florida. The investment will focus on expanding and modernizing the facility, increasing its production capacity and improving energy consumption. The … Read the full press release

US Customs and Border Protection Selects Accenture Federal Services for $380 Million IT Infrastructure Contract

(IN BRIEF) Accenture Federal Services (AFS) has won a $380 million contract from the US Customs and Border Protection (CBP) for IT infrastructure operations and modernization services. The deal will involve providing comprehensive technology support across multiple CBP programs, including … Read the full press release

Czech Republic: Skanska to upgrade the old D1 Motorway under CZK 1.4 billion agreement

(PRESS RELEASE) STOCKHOLM, 22-Jan-2020 — /EuropaWire/ — Construction and development company, Skanska, is set to modernize the 14-kilometer D1 motorway in Czech Republic under the CZK 1.4 billion (SEK 580 million) contract with the Road and Motorway Directorate.  The oldest … Read the full press release

Hydro: Contemporary, Greener building for Ticon

(PRESS RELEASE) OSLO, 20-Jan-2020 — /EuropaWire/ — MODERN TICON BUILDING – The historic Ticon Building in Drammen, Norway has undergone modernization integrating Hydro’s low-carbon recycled CIRCAL aluminum but retaining its original architectural design. The Ticon Building, built in 1963, has … Read the full press release

thyssenkrupp Materials Services to modernise and expand its European warehousing and logistics network with 70 million euros investment

(PRESS RELEASE) ESSEN, 19-Aug-2019 — /EuropaWire/ — thyssenkrupp Materials Services announces investment of around 70 million euros in the modernization and expansion of its European warehousing and logistics network. thyssenkrupp Materials Services will build a state-of-the-art logistics center and new … Read the full press release

Deutsche Telekom completes 1st phase of the nearshore rollout

(PRESS RELEASE) BONN, 18-Feb-2019 — /EuropaWire/ — Deutsche Telekom completed the first of three tranches of the nearshore rollout. Providing 3,152 nearshore areas across 2,855 local networks and around 1,700,000 households now benefit from faster internet connections with Speeds of … Read the full press release

The ŠKODA AUTO Kvasiny plant to undergo the most comprehensive modernization and expansion in its history; annual production will increase to more than 300,000 units

ŠKODA AUTO Kvasiny plant opens multifunctional competence centre Testing and quality centre, logistics centre, storage areas for pre-series vehicles and event hall in one facility Production capacity set to rise to more than 300,000 vehicles per year KVASINY,  Czech Republic, … Read the full press release

Silversea Group’s ultra-luxury cruise ship Silver Spirit undergoes modernization at Fincantieri shipyard in Palermo

For the first time a ultra-luxury ship undergoes modernization activities TRIESTE, 19-Mar-2018 — /EuropaWire/ — Lengthening works on Silver Spirit, ultra-luxury cruise ship of the Silversea Group, began at Fincantieri shipyard in Palermo in the last days, with a 15-meter section … Read the full press release

Skanska signed with Vasakronan to renovate property Klara C at the central station in Stockholm, Sweden

Skanska has signed a contract with Vasakronan on renovation and modernizing of the property Klara C, opposite to the central station in Stockholm, Sweden. The contract value is about SEK 800 M, which will be included in order bookings for … Read the full press release