|Bombardier Transportation has signed contracts with Talgo SA to develop and supply components for 36 very high-speed trains for Saudi Arabia.|
The contracts are worth about $367 million.
Talgo, a member of a consortium led by the Spanish railway operator RENFE, was recently contracted to build and operate a 450-kilometre-per-hour high-speed line connecting Mecca and Medina.
The deal include Bombardier's propulsion and control package and 12-year maintenance services for the trains and their components.
Most of Bombardier's manufacturing for the project will take place at its plant in Trapaga, Spain.
Source: The Canadian Press