Business Day

Siemens wins tender from Israel Railways


German industrial giant Siemens won a $1bn tender to supply Israel Railways with hundreds of electric railcars, a statement to the Israeli stock market said. Under the terms of the deal, which has yet to be signed, Siemens would provide 330 double-deck electric units, Israel Railways said. The deal is part of Israel Railways’ move to switch its fleet from diesel to electricit­y-powered trains.

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