Turkey will Purchase Electric Locomotives

Turkey will Purchase Electric Locomotives
December 23, 2010 10:39 am | Last Update: August 16, 2015 10:41 am
745

The Islamic Development Bank (IDB) has approved a $220m loan to TCDD, Turkey’s state railway company, to finance its fleet expansion plans.

TCDD also signed a contract with Hyundai Rotem to purchase 80 electric locomotives and a simulator from Hyundai at a cost of $312.7m to replace its ageing fleet.

The first eight locomotives will be built at Hyundai Rotem plants and the rest will be produced in Turkey in the next four years, according to worldbulletin.net.

The deal with Hyundai includes licensing and technology transfer, where TCDD will use technical information, produce locomotives in Turkey as well as all IDB-member countries, and sell them for ten years.

Railwaynews.net is a railway information and news platform. Website presents from all around the world railway sector news, developments, projects and tender for the sector specialists. Railwaynews supports to industry events and announced them for potential participants. Railwaynews plans to collecting data from all around the world, about railway infrastructure, rolling stock, railway transportation datum, geographical datum to present for railway professionals for short term. Railwaynews will build new platforms aims to high value railway business environment for all railway specialists, railway fans and especially railway suppliers and their decision makers. Railwaynews presents whole information from rail professionals to rail professionals.
COMMENTS

This site uses Akismet to reduce spam. Learn how your comment data is processed.

No comments yet, be the first filling the form below.