Spain awards high-speed train con­tract to Talgo

The Myanmar Times - - Business -

SPAIN has awarded a con­tract worth 786 mil­lion eu­ros (US$832 mil­lion) to sup­ply and main­tain 15 high­speed trains to Span­ish train maker Talgo.

Talgo beat out ri­val bids by Ger­many’s Siemens and France’s Al­stom for the ten­der, which can be ex­tended for a se­cond batch of 15 more trains that would raise the to­tal value of the con­tract to 1.4 bil­lion eu­ros.

“The win­ning of­fer was pre­sented by Talgo,” Pub­lic Works Min­is­ter Inigo de la Serna an­nounced.

The com­pany pre­sented “the best of­fer from both the tech­ni­cal and eco­nomic point of view”, he added.

The ini­tial con­tract is to build 15 new high-speed trains and main­tain them for 30 years. The con­struc­tion of the trains will take around five years and gen­er­ate around 1000 jobs, the min­is­ter said.

Talgo is al­ready the main sup­plier of high-speed trains to Span­ish na­tional rail op­er­a­tor Renfe, with 47 per­cent of the mar­ket, ahead of Siemens, which has a 27pc share. The new con­tract will give Talgo a 54pc share of Renfe’s high-speed train mar­ket, a Talgo spokesper­son told AFP. –

Photo: EPA

Peo­ple peep through the tinted win­dows of a Span­ish-made Talgo train, be­fore its first trial run from Bareilly to Mo­rad­abad, in Bareilly, In­dia.

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