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Express Tribune
18-06-2025
- Business
- Express Tribune
Reko Diq to be linked to rail network by 2028
Prime Minister Shehbaz Sharif on Tuesday set a deadline of 2028 for the expansion of the Pakistan Railways network to strategic Reko Diq and directed for the formation of a ministerial committee to present recommendations about financing requirements in this regard. Shehbaz chaired a meeting on railways upgradation and linking Reko Diq with the rail network. He directed the authorities concerned to link Reko Diq with the railways network by 2028 to meet the requirements of the future transportation and cargo services. The prime minister also directed for forming an inter-ministerial committee to look after the financing matters for the upgradation and development of Pakistan Railways and to present recommendations with regard to financing required for the network's extension to Reko Diq. During the meeting, the prime minister was briefed on the upgradation of the Main Line (ML)-1 and ML-3 and the overall development of the Pakistan Railways. The prime minister noted that the Pakistan Railways served as a backbone for the country's economy and communication. "The Pakistan Railways is a cheap, fast and environment-friendly source of transportation," Shehbaz said, adding that linking Reko Diq with railways would boost the mines and mineral sector of Balochistan and create new employment opportunities for the people of the area. The meeting was attended by Deputy Prime Minister Ishaq Dar, Defence Minister Khawaja Asif, Economic Affairs Minister Ahad Cheema, Maritime Affairs Minister Junaid Anwar Chaudhry, Minister of State for Railways Bilal Kayani, Special Assistant to the Prime Minister Tariq Fatemi and others. (WITH INPUT FROM APP)
Montreal Gazette
11-06-2025
- Entertainment
- Montreal Gazette
Brownstein: Neither rain nor blackouts nor transit strikes shall stop the Montreal Fringe Festival
Power blacked out sporadically last weekend at the Montreal Fringe Festival's outdoor base, the Fringe Tent — better known to many as the Beer Tent — on the corner of Rachel St. and St-Laurent Blvd. The shortages often arrived in the midst of a music set, when electricity was as paramount for the entertainment as it was for keeping the brews cold. Then Monday brought the start of a nine-day transit strike, and let's just say the limited schedule provided to the public is playing havoc with the fest, whose shows tend not to start and end at the times when people mostly require bus and métro services. Then on Tuesday, torrential rains came with a vengeance, and Fringe executive and artistic director Amy Blackmore found herself and volunteers trying to keep the Fringe Tent from collapsing by propping it up with long sticks. And Blackmore suddenly had terrifying visions of another watery disaster, when the rains came down so heavily last summer that the roof of the MainLine Theatre, the Fringe's indoor home base on St-Laurent Blvd., caved in. The resulting deluge flooded the space. Damages were so extensive that the theatre had to close down for a lengthy period, and it has remained in a wounded state ever since. As a result, the decision was made that the MainLine — which was set to mark its 20th anniversary — will cease operations at the St-Laurent site after the Fringe wraps its 35th edition on Sunday with its annual Frankie Awards ceremony and closing party at Café Campus. Blackmore, sporting the same Billy boots she wore when mopping up the MainLine last July, is hopeful a new home in the same area can soon be found because, beyond the Fringe, the space fills a vital, year-round need for the city's indie theatre scene. 'After the last performances on Sunday, we're going to tear it all down and store everything until we find our new home. It's so sad. We've had so many great memories here,' says Blackmore, formerly a dancer who started work as a volunteer at the Fringe 20 years ago. She has been the festival's director for the last 15 years and has been running the whole shebang the last 12 years. Another day, another obstacle, but the ever-buoyant Blackmore, truly a warrior, soldiers on — as does the Fringe, which is having another solid season. At last count mid-week, Blackmore reports that 10,000 indoor show tickets had already been sold, bringing in revenues of about $100,000. She is confident the Fringe can match last year's record $160,000 in sales. This year's Fringe features 105 plays and 800 indoor performances — from poetry to puppetry, magic to music, dance to drama and then some — in 25 venues. Plus, there are 40 acts at the Fringe Park. Shows run about an hour. Blackmore estimates that the programming consists of 40 per cent local French, 40 per cent local English, 10 per cent national and 10 per cent international. Tickets cost $19 or less, and performers get 100 per cent of the box-office sales. All of which means the Fringe relies on government grants and sponsors — and can't forget beer-tent sales — to cover its $600,000 yearly tab for rent, salaries and assorted other costs. 'We always say that we are a festival of discovery and that there's something for everyone, but it's really true this year,' Blackmore notes. 'We have everything from a magic show called 0z from Las Vegas for the whole family to a poetry slam to a beautiful dance show called Auf Wiedersehen, which is the first show I got to see at the fest and which transported me far away for a spell.' But no sooner does she use the word 'transported' than she is reminded of the strike. 'The strike has really affected us, not just with our local audiences, but also with our artists, volunteers and tourists. We're working on trying to make alternative arrangements. It's been tough, but folks are really putting in the effort to come out. Fringers have always been a special breed. But I really hope this strike ends soon, because our performers really deserve packed houses. 'All these challenges that keep coming up for the Fringe … sometimes they do feel like never-ending, but at the same time, it's part of the beauty of what we do — people coming together to make this incredible event happen. It's a real community drive. 'And look: The sun is just coming out now.' The glass is always on the full side for Blackmore. 'And look at that: We have a Hydro-Québec visitor here and he says that our power problems have been corrected, and that the music will go on this weekend. And there will also be full transit available Friday to Sunday, because the F1 is in town, conveniently so for us. That's why we like to schedule our event at the same time, because we attract similar crowds,' she quips. Certainly calls for some chilled suds now. 'Troubleshooting is part of what we do at festivals — it comes with the turf. But as executive and artistic director, my job entails perhaps a little more: I apply for the grants, look for other funding, write the cheques and search for volunteers, but I also clean the toilets — and, of course, hold up the tent when needed,' she says with a wide smile. 'Our vision for the future is that we have a new space that is rooted in English theatre but that is designed for all indie artists. A space that is professional, safe and accessible. And above all, a community centre for performers and audiences.'
Associated Press
03-06-2025
- Business
- Associated Press
Rail Vision Secures $335,000 Follow-On Order from Major Latin American Mining Company After Successful Trial
The order marks a significant commercial milestone and signals Rail Vision's continued expansion in the Latin American market Ra'anana, Israel, June 03, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN), a leader in railway safety and AI-driven vision technology, announced today it has secured a $335,000 follow-on order from a prominent Latin American mining company for its MainLine system. The order follows a long-term and successful trial of the system under demanding operational and environmental conditions. This order reinforces Rail Vision's increasing commercial traction in Latin America and marks an important step in expanding the client's deployment of MainLine across its railway fleet. The system will play a critical role in enhancing safety and optimizing rail transport efficiency within the mining company's extensive mining operations. Rail Vision's MainLine product provides real-time obstacle detection, classification, and alerting up to two kilometers ahead, ensuring safer, more efficient railway operations under extreme weather and lighting conditions. The company's technology is proven, scalable, and driving increased adoption, which aims to position Rail Vision for potential long-term revenue growth and market penetration. 'This additional order is a strong endorsement of our technology by one of the region's most respected industrial players,' said David BenDavid, CEO of Rail Vision. 'It marks a significant commercial milestone that follows a year of rigorous testing and validation. This transition from pilot to scaled deployment reflects the growing demand for our AI-powered railway safety solutions and signals our accelerating momentum in the Latin American market. We view this as a gateway to further potential expansion across the region and a strong step toward our global growth strategy.' About Rail Vision Ltd. Rail Vision is revolutionizing railway safety with cutting-edge AI-driven vision technology. By integrating advanced electro-optics, deep learning, and big data analytics, Rail Vision's solutions help railway operators enhance safety, optimize efficiency, and transition toward autonomous operations. The company's expanding customer adoption and repeat orders reinforce its position as a key technology provider in the railway industry. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the increasing adoption of its technology, its potential long-term revenue growth and market penetration, its accelerating momentum and potential expansion in the Latin American market and its global growth strategy. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ('SEC'), including, but not limited to, the risks detailed in the Company's annual report on Form 20-F filed with the SEC on March 23, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites. Investor Relations Michal Efraty 15 Ha'Tidhar St., POB 2155 4366517 Ra'anana, Israel Email: [email protected] Phone: +972(0)9-9577706
Yahoo
03-06-2025
- Business
- Yahoo
Rail Vision Secures $335,000 Follow-On Order from Major Latin American Mining Company After Successful Trial
The order marks a significant commercial milestone and signals Rail Vision's continued expansion in the Latin American market Ra'anana, Israel, June 03, 2025 (GLOBE NEWSWIRE) -- Rail Vision Ltd. (Nasdaq: RVSN), a leader in railway safety and AI-driven vision technology, announced today it has secured a $335,000 follow-on order from a prominent Latin American mining company for its MainLine system. The order follows a long-term and successful trial of the system under demanding operational and environmental conditions. This order reinforces Rail Vision's increasing commercial traction in Latin America and marks an important step in expanding the client's deployment of MainLine across its railway fleet. The system will play a critical role in enhancing safety and optimizing rail transport efficiency within the mining company's extensive mining operations. Rail Vision's MainLine product provides real-time obstacle detection, classification, and alerting up to two kilometers ahead, ensuring safer, more efficient railway operations under extreme weather and lighting conditions. The company's technology is proven, scalable, and driving increased adoption, which aims to position Rail Vision for potential long-term revenue growth and market penetration. 'This additional order is a strong endorsement of our technology by one of the region's most respected industrial players,' said David BenDavid, CEO of Rail Vision. 'It marks a significant commercial milestone that follows a year of rigorous testing and validation. This transition from pilot to scaled deployment reflects the growing demand for our AI-powered railway safety solutions and signals our accelerating momentum in the Latin American market. We view this as a gateway to further potential expansion across the region and a strong step toward our global growth strategy.' About Rail Vision Ltd. Rail Vision is revolutionizing railway safety with cutting-edge AI-driven vision technology. By integrating advanced electro-optics, deep learning, and big data analytics, Rail Vision's solutions help railway operators enhance safety, optimize efficiency, and transition toward autonomous operations. The company's expanding customer adoption and repeat orders reinforce its position as a key technology provider in the railway industry. For more information, visit Forward-Looking Statements This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the increasing adoption of its technology, its potential long-term revenue growth and market penetration, its accelerating momentum and potential expansion in the Latin American market and its global growth strategy. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time with the Securities and Exchange Commission ('SEC'), including, but not limited to, the risks detailed in the Company's annual report on Form 20-F filed with the SEC on March 23, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites. Investor Relations Michal Efraty15 Ha'Tidhar St., POB 21554366517 Ra'anana, IsraelEmail: investors@ +972(0)9-9577706Sign in to access your portfolio
Business Recorder
28-05-2025
- Business
- Business Recorder
Chairman Railways tells Senate body: 38 projects worth Rs260.085bn underway in 2024–25
ISLAMABAD: Chairman of Railways Tuesday informed Senate Standing Committee on Railways that a total of 38 projects were underway, with a total cost of Rs 260.085 billion during 2024–25. The meeting of the Senate Standing Committee on Railways, chaired by Senator Jam Saifullah Khan, was convened Tuesday. The Ministry of Railways briefed the Senate Committee on upcoming, ongoing, and pending projects and informed the committee members about the hurdles currently being faced by the ministry. The meeting was attended by senators, Nasir Mehmood, Dost Ali Jeesar, Asad Qasim, Saifullah Sarwar Khan Nyazee, Kamil Ali Agha, Dost Muhammad Khan, the mover Senator Shahadat Awan, and the Minister for Railways. The chairman of Railways told the Senate Standing Committee on Railways that during the year 2024–25, a total of 38 projects were underway, with a total cost of Rs260.085 billion. Out of the 38 projects, the ministry successfully completed six, and the remaining 32 have been carried forward to 2025–26. The chairman, while briefing on the Main Line (ML-1) project (Karachi to Rohri),described it as the lifeline of the Reko Diq and Thar Coal projects, which are expected to start this year, depending on the provision of funds. He added that the total estimated cost of ML-1 isRs2,298.18 billion, and the ministry has submitted a proposal for an allocation of Rs75 billion for the financial year 2025–26 to initiate the project. It was also revealed to the committee that total 12 projects of expansion, track safety, rehabilitation, replacement of tracks, feasibility studies and upgraded security system required proposed allocation Rs11,076 million during the financial year of 2025-26. The committee demanded the details of delayed projects in the upcoming meeting of the Standing Committee. The committee members commended the newly adopted strategy of the ministry to complete the projects partially in different phases. The chairman of the committee emphasised the need to complete projects on time to avoid extended costs and directed the ministry to deliver high-end railway services to the general public. The Minister for Railways said that, as the country is passing through a financial crisis, the provinces may contribute to the new or ongoing railway projects in their respective areas. He stated that the ministry is planning to upgrade railway schools and hospitals across Pakistan. In response to a query regarding railway land, the minister informed the committee that an anti-encroachment campaign has recently been initiated nationwide against land grabbers. It was also briefed to the committee that Pakistan has developed locomotives and coaches capable of running at speeds over 160 km/h, but unfortunately, the country lacks the required tracks to operate such trains. The chairman of the committee directed the ministry to conduct a feasibility study on upgrading of track system to support high-speed trains in Pakistan. Copyright Business Recorder, 2025
