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FINANCIAL NEWS
German Bombardier awarded USD367m Saudi rail contract
23 Sep 2012
(MENAFN) German rail firm Bombardier Transportation has won a USD367 million contract to develop and supply components for high speed trains in Saudi Arabia, Arabian Business reported.
The company said it has agreed with Talgo to jointly work on 36 express trains that will be used on the planned rail line connecting the holy cities of Makkah and Madinah.
Bombardier will supply Talgo propulsion and control packages, high speed bogies for the power heads of the 330km/h trains and 12-year maintenance services.
Most of the manufacturing process will take place at its plant in Trapaga, Spain, Bombardier said in a statement.
The technology is similar to that of the 46 AVE 102 and AVE 112 trains developed and manufactured for RENFE between 2001 and 2010, it added.
Talgo is a member of the Al Shoula consortium, led by the Spanish railway operator RENFE and the railway infrastructure company ADIF, which was recently contracted by the Saudi Railways Organisation (SRO) to build and operate a 450km high-speed rail line.
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