Transport for London (TfL) intends to sign a design-build contract with Siemens Mobility for the supply of 94 Tube trains.

The contract is estimated to be valued at £1.5bn ($1.98bn).

To be deployed on the Piccadilly line, the trains are expected to replace the current trains operating on the line.

The contract will form part of the Deep Tube Upgrade programme and enable Siemens Mobility to establish a new train manufacturing and commissioning facility in Goole, East Yorkshire, UK.

The Chicago Infrastructure Trust (CIT) in the US has awarded a contract to The Boring Company for the development of a high-speed transportation link known as The Chicago Express Loop.

The high-speed link will connect the city with Chicago’s O’Hare International Airport and transfer passengers three to four times faster than the existing transportation systems.

The battery-powered autonomous vehicles will travel through the tunnel at a speed of 150mph.

“To be deployed on the Piccadilly line, the trains are expected to replace the current trains operating on the line.”

The Boring Company will be responsible for the construction, operation and maintenance of the tunnel, under the agreement.

Founded by Elon Musk in 2016, The Boring Company is an infrastructure and tunnel construction company.

Norwegian public transport services operator Sporveien has awarded a €200m ($231.5m) contract to CAF for 87 trams.

The contract also includes a flexible option to increase the order by 60 more trams.

Designed to mitigate the environmental impact throughout their operational life, the trams will operate on Oslo’s rail network.

Transport for London (TfL) has reached an agreement with British Steel for the extension of its rail supply contract.

British Steel has so far delivered more than 42,000t of rail for the London Underground service under the framework agreement signed in 2012.

The scope of the extended contract includes an annual supply of 4,000t of rail, including HP335 and Zinoco rails.

Finnish railway vehicle manufacturer Transtech Oy has secured a €30m ($34.7m) contract from Helsinki City Transport (HKL) for the supply of ten ForCity Smart Artic trams.

HKL has earlier ordered 60 ForCity Smart Artic trams from Transtech Oy.

Helsinki currently operates a fleet of 48 ForCity Smart Artic trams.

Stadtwerke Verkehrsgesellschaft Frankfurt am Main (VGF) has placed a €100m ($115.8m) contract with Alstom for the delivery of 38 Citadis trams with modifications for the German market.

The contract also includes an option to deliver 15 additional trams.

Alstom will be responsible to provide training, maintenance and warranty services, as part of the contract.

It plans to deliver the first two trams in 2020.