Deals this week: Russian Railways, The Greenbrier Companies, Hupac
Russian Railways and JSC Tuva Energy Industrial Corporation have entered a co-operation agreement to construct the Elegest-Kyzyl-Kuragino Railway Line.
The 410km Elegest-Kyzyl-Kuragino railway project is set to transport 15Mt of coking coal a year from the Elegest coal field and is scheduled for completion by 2022.
Russian Railways will invest in the project, manage technology issues and also operate the railway line's infrastructure as part of the agreement.
The Greenbrier Companies has signed a multi-year purchase agreement with Mitsubishi UFJ Lease & Finance (MUL) for the supply of 6,000 newly manufactured railcars.
The agreement is part of a memorandum of understanding (MoU) announced by the two companies in April 2017.
MUL plans to expand its railcar portfolio by 25,000 over the next four years, sourcing all newly manufactured locomotives entirely from Greenbrier.
Greenbrier is a US-based designer and manufacturer of freight railcars, while MUL is a financial company based in Japan.
Hupac has awarded a contract to Siemens for the supply of eight Vectron MS locomotives.
The locomotives will run on the RhineAlpine Corridor (DACHINL) and have an output of 6.4MW.
Siemens is a German industrial manufacturing company, while Hupac is an intermodal transport company based in Switzerland.
Duos Technologies Group's subsidiary Duos Technologies has won a contract to develop a thermal vehicle undercarriage inspection solution.
The system is able to detect hot spots on freight vehicles and is planned to be installed at the Transportation Technology Center in Pueblo, Colorado, US.
Duos Technologies is a US-based provider of intelligent security analytical technology.