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October 26, 2018

Deals and M&As this week: Bombardier, Alise JV, Raffles

Bombardier Transportation has secured a 20-year maintenance contract worth $287m from Bangkok Mass Transit System Public (BTSC) in Thailand.

Bombardier Transportation has secured a 20-year maintenance contract worth $287m from Bangkok Mass Transit System Public (BTSC) in Thailand.

Bombardier Transportation will be responsible for the maintenance of Bombardier Innovia monorail 300 systems, as well as the guideway switches and depot equipment of the system.

The systems will operate on two monorail lanes in Bangkok, Thailand.

Alise joint venture (JV) has been awarded a €71m ($81.08m) contract for the implementation of electrical infrastructure at the Grand Paris Express Line 15 South.

The JV will work on the implementation of 20kV electrical infrastructure from ten Enedis supply substations.

The contract includes 2,000 hours of training and 10,000 hours of work over a period of 70 months.

Raffles (Chengdu) Investment and Development has received a ¥6bn ($865.7m) contract to build a 70km railway network in China.

The Tourism Board of the People’s Government of Dengfeng City and the Chengdu Tianfu Railtech Valley Technology entered the framework agreement for the project.

The Government of Dengfeng City will provide assistance for the development of the project, which will be implemented in four phases.

Construction of the project is scheduled for completion by 2026.

United Rail has agreed to sell its affiliated passenger car fleet to X Train, the operator of Las Vegas Xpress (LVXI).

"The acquisition enables X Train to start operations between Southern California and Las Vegas."

The affiliated passenger car fleet is a group of vintage passenger rail cars owned by private individuals. The rail cars were operated by Amtrak until their suspension in the first half of 2018.

The acquisition enables X Train to start operations between Southern California and Las Vegas.

ARG Transportation Services has agreed to sell its San Pedro and Southwestern Railroad (SPSR) in the US to Ironhorse Resources.

SPSR is a third-party contract services provider and will be rebranded as San Pedro Valley Railroad (SPV).

SPV links with the main line of Union Pacific at multiple locations and offers services to the businesses in Cochise County.

American Railcar Industries (ARI) is set to be acquired by a subsidiary of ITE Rail Fund in a transaction worth $1.75bn, including debt.

US-baed ARI offers design and manufacturing services for railway companies and is a subsidiary of Icahn Enterprises (IEP).

The acquisition will result in the merger of ARI and ITE Rail Fund’s subsidiary and is expected to be completed by the end of 2018.

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