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August 20, 2018updated 22 Aug 2018 10:44am

Austria’s ÖBB signs deal for 700 passenger coaches

Austrian Federal Railways (ÖBB) has signed a framework agreement to procure up to 700 passenger coaches from Siemens Mobility over the next five years.

Austrian Federal Railways (ÖBB) has signed a framework agreement to procure up to 700 passenger coaches from Siemens Mobility over the next five years.

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The initial order from ÖBB comprises eight nine-car trains for day service and 13 seven-car trains for night service.

If all the service options are executed, the overall contract agreement will value more than €1.5bn.

Under the first order, Siemens will supply Viaggio coaches, which will be operated with ÖBB’s Siemens Taurus locomotive fleet.

To be manufactured at Siemens’ facility in Vienna, the trains are expected to enter service from 2022.

“With the additional trains for the Nightjet, we’ll be underpinning our leading role in overnight travel in Europe.”

ÖBB-Holding CEO Andreas Matthä said: “With the new trainsets for day and night service, ÖBB is systematically continuing its campaign to further enhance passenger comfort. With the additional trains for the Nightjet, we’ll be underpinning our leading role in overnight travel in Europe.”

The framework agreement includes the delivery of multiple types of passenger coaches such as cab cars, multi-purpose cars, sleeping and couchette cars, as well as first-class and second-class cars. The agreement can also be extended by ÖBB beyond 2023.

They will be used in operations across various European countries, including Austria, Germany, Switzerland and Italy.

The coaches can also be equipped for operations in Croatia, the Czech Republic, Hungary, Slovakia, Slovenia and Poland.

With a seating capacity for 520 people, the daytime trains will be low-floored with extra wide doors to facilitate swift movement of passengers. The night trains will have 100 seats and 160 couchettes.

All the trains will feature LED interior lighting and climate control with cooling and heating modes.

Siemens Mobility CEO Sabrina Soussan said: “Viaggio passenger trains offer great flexibility across borders, as well as state-of-the-art passenger comfort, combined with low maintenance costs and high operational availability.”

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2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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