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September 22, 2014

Siemens bags $648m deal to supply light rail cars to San Francisco’s MTA

Siemens has won a $648m contract from San Francisco's Municipal Transportation Agency to supply an initial 175 light rail cars for its San Francisco Municipal Railway (Muni) transit system.

By Samseer M

Siemens_SFMTA

Siemens has won a $648m contract from San Francisco’s Municipal Transportation Agency to supply an initial 175 light rail cars for its San Francisco Municipal Railway (Muni) transit system.

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The contract also includes an option for an additional 85 cars.

Siemens Rail Systems global head Jochen Eickholt said: "This order marks a milestone for Siemens in the history of our US business.

"With our rail vehicles made in the US, we are already the leading provider and have delivered more than 1,300 streetcars and light rail cars in 17 cities across North America to date."

"This order marks a milestone for Siemens in the history of our US business."

San Francisco’s public transportation network is controlled by Muni and operates a variety of services, including cable cars, streetcars, light rail trains, electric trains and hybrid buses.

Siemens will supply its S200 model light rail cars to help Muni to serve its 700,000 daily passengers.

Considered as the most environmentally friendly cities in the US, San Francisco will benefit from the energy-efficient light cars as they consume less energy with a lightweight drive system and an LED lighting system that uses up to 40% less power compared with the standard neon lighting.

Construction on these trains will be carried out at Siemens ‘ plant in California, US, and the first set of cars is expected to be delivered in late 2016.


Image: One of the three Siemens -proposed designs will be chosen by San Francisco’s Municipal Transportation Agency following public input. Photo: courtesy of Siemens .

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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
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