Bombardier Transportation and Deutsche Bahn AG (DB) signed a frame contract for the delivery of electric locomotives.

The total potential contract value is up to $2 billion and includes options for the call-off of up to 450 locomotives by the year 2020. The first call-off of 110 locomotives for DB Schenker Rail and 20 for DB Regio was exercised earlier this week. Based on the list price, the value of 130 locomotives would be $573 million.

The frame agreement allows for numerous variations and technical options.

DB's locomotive fleet already includes more than 700 Traxx locomotives that have delivered freight and passenger transport successfully for more than 10 years. The locomotives in the frame contract represent a further development of the Traxx locomotive platform already proven in operation. They fulfill the newest European norms and technical standards.

Thanks to its modular construction and equipment with various country packages, the TRAXX platform concept also enables flexible operation in neighboring European countries. The locomotives are characterized by low lifecycle costs and high energy efficiency.

RELATED: "Alternative Transit Project Delivery Offers Attractive Options."