Tag: project (Page 8 of 8)

Bombardier Signs Contract to Upgrade Trains for Queensland

April 5, 2019 / WIL BALDWIN

Bombardier to lead a $361 million AUD design change programme requested by the Queensland Government
Bombardier to leverage local supply chain to improve fleet’s accessibility and passenger experience

Mobility technology leader Bombardier Transportation announced today an order from the Queensland Government to deliver modifications to the New Generation Rollingstock (NGR) trains currently being introduced to the South-East Queensland rail network. The order has been signed on March 29^th. The total value of the contract is approximately $361 million AUD ($255 million US, 228 million euro) which includes design and delivery, as well as ongoing maintenance, over the remaining term of the public-private partnership.

“Bombardier is proud to partner with Queensland Government to deliver the new generation trains to the passenger rail network. This variation order is an important request from our customer, and we will continue to work closely with them to deliver the NGR project in line with the enhanced specifications set out by the Queensland Government,” said Paul Brown, Bombardier Transportation’s Project Director for the Queensland New Generation Rollingstock project.

Bombardier is leading the Qtectic consortium contracted to deliver the NGR project and will undertake the work to modify the trains in line with the government’s revised design specifications with industry partner Downer EDI. The agreement between Bombardier and the Queensland Department of Transport and Main Roads (TMR) will see the previously approved toilet modules upgraded for improved disability access. The changes will also include an additional module added to each six-car train to provide improved access for passengers with limited mobility.

“The significance of the NGR project in Queensland cannot be understated,” affirmed Wendy McMillan, President, Southeast Asia and Australia at Bombardier Transportation. “With 70 percent of Queensland’s future population growth targeted in the South-East region, the NGR fleet will bring a significant 26 percent capacity increase to the South-East Queensland rail network to meet the growing demand for rail services. It’s a game-changing project for Queensland and Bombardier is proud to be delivering it.”

Features of the new trains include capacity for 964 passengers in each six-car train, onboard WiFi, CCTV throughout the train, LCD infotainment displays, toilet modules, 12 allocated spaces for mobility aids and more enhancements to the passenger experience.

Bombardier has created more than 2,000 local jobs across the industry and supply chain throughout this project. The design and toilet modification activities will support a further 100 local jobs at Downer’s Maryborough facility in addition to the 145 current Bombardier employees at the Wulkuraka Maintenance Facility.

The $4.4 billion AUD NGR project is being delivered under a public-private partnership with the Queensland Government and was awarded to Qtectic, comprising Bombardier Transportation, John Laing, Itochu and Aberdeen Standard Investments. The project includes the design and delivery of 75 new passenger trains, construction of a new maintenance centre at Wulkuraka, Ipswich and 32-years of fleet maintenance.

About Bombardier

With over 68,000 employees across four business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Will United Airlines Back Out of Coliseum Naming Rights Deal?

April 1, 2019 / WIL BALDWIN

Rumors are starting to swirl that United Airlines is considering backing out of a $69 million deal to add its name to the Los Angeles Memorial Coliseum.

The deal, which was offered to the University of Southern California in 2018, was offered by the Chicago-based airline to call the stadium “The United Airlines Memorial Coliseum.”

Once the deal became public knowledge, criticism began to mount that the re-branding could tarnish the image of the stadium that was named in honor of those lost during World War I.

The Coliseum is currently going under a $270 million renovation by the university, which has responded to the airlines concerns by stating that “They are open to accepting the wishes of the veteran community to modify the name change agreement.”

United Airlines has responded to university officials that it has made “a significant commitment to financing this project” in exchange for the naming rights. The airline went on to add that “If USC is not in a position to honor the terms of the agreement, including in particular the name change, United would be amenable to abiding by the wishes of the community, stepping away from this partnership with USC, and mutually terminating the agreement.”

USC has responded that they are “open” to changing the agreement, but did not provide any further details.

How Wynn Resorts Could Free Up Billions in Cash

March 25, 2019 / WIL BALDWIN

One of the trends sweeping through the gaming industry over the past decade is selling real estate to real estate investment trusts (REITs). Sometimes companies control their REITs, like MGM Resorts (NYSE: MGM) does with MGM Growth Properties (NYSE: MGP) and Caesars Entertainment (NASDAQ: CZR) does with VIVI Properties(NYSE: VICI), and sometimes real estate is sold to third-party companies.

REITs free up cash for casino companies, often to the tune of billions of dollars. That money can help reduce debt or fund growth projects, which is attractive because it doesn’t fundamentally change a resort’s operations. But Wynn Resorts (NASDAQ: WYNN) has avoided the temptation to sell most of its real estate over the years. If it did, however, the company could free up billions of dollars in cash.

Wynn's Encore Boston Harbor. — Wynn’s Encore Boston Harbor.

Image source: Wynn Resorts.

Click the link below for the full story from “The Motley Fool”…

https://finance.yahoo.com/news/wynn-resorts-could-free-billions-163400237.html

Nissan Recycles Old Leaf Batteries for Opus Camping Trailer

February 20, 2019 / WIL BALDWIN

The RV industry has seen an impressive resurgence in recent years. And while the electric vehicle scene is also booming, options that take both sectors into consideration are still rather thin. Nissan already has an all-electric mini-camper in its arsenal but today we’re getting a look at a new project coming down the line. Leaning on technology from its Leaf electric vehicle, Nissan is leveraging rechargeable energy on its ROAM battery pack, which will be paired with the forthcoming Opus concept camping trailer. Enough on-board energy to keep campers warm and fed for nearly a week makes this one of the more intriguing concepts we’ve seen in a while.

Click the link below for the full story!

https://9to5toys.com/2019/02/19/nissan-opus-camping-trailer/

Resorts World Las Vegas and Wynn Resorts Reach Settlement on Design Infringement

January 28, 2019 / WIL BALDWIN

LAS VEGAS, Jan. 28, 2019 /PRNewswire/ — Resorts World Las Vegas (RWLV) and Wynn Resorts today jointly announced that the companies have reached a settlement agreement on a dispute involving trade dress and copyright infringement claims surrounding the design of the $4 billion RWLV project.

“Genting’s Resorts World Las Vegas project will be the launching point for the next generation of integrated resorts, and the aesthetics of the project will play an important role in its future success. While the company believes the design to have had differences with Wynn and Encore’s once fully realized, after further consideration and conversations with the Wynn team, we have directed our design team to make several changes that will clearly differentiate the two properties,” said Michael Levoff, Senior Vice President of Public Affairs & Development, Genting. “This mutually beneficial settlement will allow Genting to continue to develop Resorts World Las Vegas with minimal impact to cost and the overall project timeline.”

“Wynn Resorts’ world-renowned signature architecture and design are among the elements that have built our brand’s reputation for excellence. Resorts World Las Vegas’ initial design had elements which had similarity to our resorts in Las Vegas, Macau and Boston. The new design changes offered by Genting will resolve the concerns we expressed about the similarity of the design,” said Michael Weaver, Chief Communications Officer, Wynn Resorts. “We welcome and look forward to Resorts World Las Vegas’ opening. Their future success will benefit all of Las Vegas.”

About Resorts World Las Vegas
Resorts World Las Vegas (www.rwlasvegas.com) is a US $4 billion, Las Vegas Strip, integrated resort currently under construction and being developed by the world-renowned Genting Group. RWLV will include over 3,400 rooms in multiple hotels; a variety of restaurants; an innovative, next generation gaming space; numerous retail offerings; and a top-tier nightlife venue. The first ground-up resort on the Las Vegas in over a decade once opened, RWLV is being designed to appeal to both gaming and non-gaming patrons with a special emphasis on technology and first-to-market product offerings. RWLV is slated to initially open at the end of 2020. The Genting Group (www.genting.com) comprises the holding company Genting Berhad (Bursa Malaysia: KLSE 3182) and its listed subsidiaries: Genting Malaysia Berhad, Genting Plantations Berhad and Genting Singapore PLC. The Group is involved in leisure and hospitality, oil palm plantations, power generation, oil and gas, property development, life sciences and biotechnology activities, with operations spanning across the globe, including in Malaysia, Singapore, Indonesia, India, China, the United States of America, Bahamas and the United Kingdom.

About Wynn Resorts
Wynn Resorts, Limited (WYNN) is traded on the Nasdaq Global Select Market under the ticker symbol WYNN and is part of the S&P 500 Index. Wynn Resorts owns and operates Wynn and Encore Las Vegas (wynnlasvegas.com), Wynn Macau (wynnmacau.com), Wynn Palace, Cotai (wynnpalace.com), and is currently constructing Encore Boston Harbor in Everett, Massachusetts (encorebostonharbor.com), scheduled to open summer 2019. With a collective 16 Forbes Travel Guide Five-Star Awards, Wynn Resorts is the highest rated independent hotel company in the world.