Germany-based Bombardier Transportation announced that it has signed contracts worth US$ 367 million to develop and supply components for high speed trains in Saudi Arabia.
The company said it has inked contracts with Talgo to work on 36 express trains that will be used on the planned rail line connecting the cities of Makkah and Madinah.
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 Organization to build and operate a 450 km high-speed rail line, as per newswires.
Bombardier’s supply scope for Talgo includes propulsion and control packages and high speed bogies for the power heads of the 330km/h trains alongside 12-year maintenance services.
Bombardier Transportation is the rail equipment division of the Canadian firm Bombardier Inc. Bombardier Transportation is one of the world’s largest companies in the rail equipment manufacturing and servicing industry. Its headquarters are in Berlin, Germany.
Talgo is a Spanish manufacturer of intercity standard and high speed passenger transportation.
RENFE is the state-owned company which operates freight and passenger trains on the railway networks of the Spanish national railway infrastructure company ADIF.
Mena Weekly Monitor – Bank Audi
26 September
