SRT will submit a proposal to its executive board for consideration before it is submitted to the cabinet.
Wabtec’s GAAP earnings per diluted share increased 27.5% to $0.88 in Q3 2022 from $0.69 in the prior year.
The five-year contract raises the starting salary of the operators to $23 per hour from the existing $20.49 per hour.
The funding was awarded through Rebuilding American Infrastructure with Sustainability and Equity discretionary grant programme.
The contract includes expansion of railway dam, earth and support construction work.
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The funding will be made available for projects that help in transforming rail travel for passengers.
The contract involves the manufacture and delivery of four-, five- and six-car double-decker multiple-unit KISS trains.
The new portfolio will help railway operators to better protect their assets and improve safety in operations.
SNC-Lavalin will design, deliver and operate the National ETCS Test Verification, Validation and Integration Laboratory.
The contract extension will increase the total New Intercity Fleet to 610 carriages.