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SAUDI ARABIA,SPAIN : Invensys Rail bags €483 deal
Publish Date : 01-Nov-2011
The Saudi Railways Organization (SRO) announced that the Al Shoula consortium has been awarded the contract to provide the superstructure, systems, rolling stock, signalling, operation and maintenance for the Haramain High Speed Line linking the two Holy Cities of Makkah and Madinah. This consortium is a Saudi-Spanish group which will implement the successful high speed line model and technology applied in Spain to this new line.
As per the deal, Invensys Rail, which is the part of Al Shoula consortium, will offer the complete turn-key signaling and train control systems, with its FUTUR 3000 and FUTUR 2500 Level 2 ERTMS solution. The deal also covers centralized traffic control, electronic interlockings, LED wayside signals, train detection systems and on board ETCS equipment for 34-strong train fleet. The deal has maintenance period of 12-year.
Invensys Rail will get €298 million under its share of 3-year construction phase as well as €185 million under its share of 12-year maintenance phase.
“This is a major breakthrough for Invensys Rail. We are particularly delighted to be part of this team and we look forward to continuing to grow our presence in the global railway signaling and train control market,” said Wayne Edmunds, CEO of Invensys.
