Siemens: signs contract for 50 locomotives with Northrail
(CercleFinance.com) - Siemens Mobility has signed a major framework agreement for 50 Vectron locomotives with RIVE Private Investment, an independent European investment group and parent company of Northrail.
The new agreement covers the delivery of 15 Vectron locomotives, including a full service contract over an eight-year period.
There is also the possibility of ordering a further 35 Vectron locomotives and extending the service contract by a further eight years.
Locomotives from the Vectron platform have been homologated in 20 European countries.
With over 2,600 locomotives sold, the Vectron offers both reliability and flexibility, and is perfectly designed for the needs of European rail freight transport, Siemens Mobility said.
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