Deals this week: Deutsche Bahn AG, Egis, Meiden Singapore

16 February 2018 (Last Updated February 15th, 2018 10:19)

Germany-based rail services company Deutsche Bahn AG has raised €750m ($919.34m) through the issue of bonds in a public offering.

Germany-based rail services company Deutsche Bahn AG has raised €750m ($919.34m) through the issue of bonds in a public offering.

The bonds yield a coupon rate of 1.625% and are due in 2033.

A consortium of Egis and Team Consult has been selected as the project consultant for the ongoing Pink Line monorail project in Thailand.

The consortium will supervise construction activities and offer project management services for a three-year period under the contract.

"Meiden Singapore has secured two contracts worth a combined S$500m ($377.7m) from Singapore’s Land Transport Authority (LTA)."

It will also be responsible for design reviews and the supervision of installation, manufacturing and maintenance-related works.

The public-private partnership (PPP) project is being developed at an estimated cost of THB53.5bn ($1.7bn) under the wider Mass Rapid Transit Master Plan (M-MAP) programme.

Meiden Singapore has secured two contracts worth a combined S$500m ($377.7m) from Singapore’s Land Transport Authority (LTA).

Meiden Singapore will be responsible for the enhancement of power supply systems on the North-South and East-West Lines (NSEWL).

LTA has also awarded a $55m contract to the Siemens and ENGIE Services Singapore consortium for the replacement of existing track circuit systems.

The national railway operator of Morocco, ONCF, has contracted Alstom for the supply of Prima M4 electric locomotives.

The scope of the €130m ($160m) agreement also includes the maintenance and servicing of the locomotives upon completion of the sale.

Hitachi has secured a contract from Great Western Railway (GWR) for the supply of two express trains.

The vehicles are to be produced using advanced techniques and will be capable of running on both diesel and electricity.

The two trains will operate on the Devon and Cornwall portion of the GWR network.