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In brief: Issue 354 23 Jan 2009

New train deliveries hit by credit crunch

New trains that have been ordered for use by Southern, First Capital Connect and Transport for London have been delayed as key component suppliers have been unable to arrange the finance that would allow them to ramp-up production. Train builder Bombardier said around a dozen of its suppliers had been unable to secure the necessary finance to supply key electrical components.

The first batch of trains had been due for delivery, but will be delayed for some weeks as suppliers catch up....

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