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December 7, 2018updated 06 Dec 2018 12:19pm

Deals this week: China Railway Construction, Stadler, RF Industries

State-owned railways manufacturer China Railway Construction has secured a $1bn contract from the Government of Argentina for the enhancement of a freight rail line.

State-owned railways manufacturer China Railway Construction has secured a $1bn contract from the Government of Argentina for the enhancement of a freight rail line.

The scope of the contract includes refurbishment of a section of San Martin railroad. The 1,020km section links Rosario shipping hub with the Mendoza province.

The modernisation project is intended to reduce logistic expenses during cargo transportation. It is also expected to minimise travelling expenses by 55%.

The contract was signed during the G20 summit held at Buenos Aires.

Italy-based Ferrovie public transport operator Nord Milano (FNM) has inked a €115m ($130.4m) agreement with Stadler for the supply of up to nine interoperable electric trains.

Stadler emerged as the preferred bidder during the tender process, which was initiated in 2017.

The company will be responsible for the delivery of five trains and offering first and second level maintenance services to the delivered trains, under the framework agreement.

Also included in the eight-year agreement is an exercisable option to extend the order by four additional trains.

The first five trains are scheduled for delivery by November 2020, while the remaining four will be delivered from July 2021.

“The European Union (EU) has agreed to provide €17.2m ($19.5m) funding to assist Kosovo in the international link Rail Route 10 upgrade project.”

Stanley Access Technologies has awarded a contract to RF Industries for the Hawaiian Honolulu Rail Transit Project.

As an electronic interconnect products manufacturing company based in the US, RF Industries will be responsible for the supply of wiring harnesses and electro-mechanical assemblies required for the development of the project.

The platform screen doors will be equipped with the wiring to safeguard onboard passengers from the railway lines.

The Honolulu Rail Transit Project will feature 21 stations and connect Pearl Harbor memorial with Honolulu airport. It is expected to be completed by April 2019.

The European Union (EU) has agreed to provide €17.2m ($19.5m) funding to assist Kosovo in the international link Rail Route 10 upgrade project.

The funding will be provided by the European Bank for Reconstruction and Development (EBRD) under the Western Balkans Investment Framework (WBIF).

The upgrade project will be implemented between Fushë Kosovë and the town of Mitrovicë in three phases.

European Investment Bank (EIB) intends to offer a PLN376m ($98.54m) loan to Poland-based transport operator MPK to buy 90 low-floor and low energy consumption trams.

The trams will replace the existing trams in service with the transportation operator.

The loan will also be used to modernise the existing vehicles.

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