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SEARCHThe total contract value based on the list price is approximately $83 million. The contract includes an option of up to five additional locomotives.
The total contract value based on the list price is approximately $83 million. The contract includes an option of up to five additional locomotives. An additional service contract for adapting modern control electronics in cab cars, valued at approximately $8 million, was signed with Paribus-DIF-Netz-West-Waggon GmbH & Co. KG, a sister company of Paribus-DIF-Netz-West-Lokomotiven GmbH & Co. KG.
Delivery of the locomotives for Paribus-DIF is scheduled for 2015. Paribus-DIF is a joint venture of the German investment management company Paribus Capital GmbH and the Dutch Infrastructure Fund (DIF), a Europe-focused institutional investor in infrastructure assets. Paribus’ subsidiary Northrail GmbH will provide all asset management services to the joint venture.
Paribus-DIF was chosen in a tender by the Landesverkehrsgesellschaft Schleswig-Holstein (LVS) to lease the locomotives to an operator also being selected by the LVS. The operator will deploy the new vehicles to transport passenger trains from Hamburg to Westerland/Sylt.
Production of the locomotives will take place at Bombardier’s Kassel, Germany plant. The carbodies will be produced at Bombardier’s Wrocław, Poland site, the bogies at its Siegen, Germany site, while the propulsion and controls equipment will be manufactured at its Mannheim and Hennigsdorf, Germany sites.
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Nadine S. Lee, who has served as president/CEO since July 2021, said the decision comes after careful reflection on the agency’s progress and its path forward.
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In this edition of Biz Briefs, we highlight the latest developments shaping the future of mobility — from manufacturers and technology providers to transit agencies and motorcoach service operators.
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