Deals this week: Faiveley Transport, China Railway Tunnel Group, The European Investment Bank (EIB)


Wabtec subsidiary Faiveley Transport has received a $100m contract from Alstom and Bombardier Transportation.

The deal will see Faiveley supply systems for 71 next-generation double-decker trainsets, as well as accompanying pantographs and tachometer devices.

The locomotives are expected to be put into operation on lines D and E of the Paris rail network.

Faiveley will also supply complete braking solutions for the locomotives, air generation systems, and brake controls and bogie brakes as part of the agreement.

The company is also set to deliver doors and HVAC systems such cabin and saloon heating, ventilation and air-conditioning units under the contract.

Delivery of the equipment is expected to begin in September 2018 and will be completed by 2022.

China Railway Group subsidiary China Railway Tunnel Group has received a contract worth S$310.8m ($228m) from the Land Transport Authority (LTA) for the construction of the new Prince Edward station and its associated tunnels along the Circle Line 6 (CCL6) in Singapore.

China Railway Tunnel Group has agreed to carry out the construction of a three-level underground station at Palmer Road under the deal, as well as twin bored tunnels that will link Prince Edward station to Cantonment station.

Construction is slated to commence by the end of 2017 and will be completed by 2025.

"The European Investment Bank (EIB) has announced its intention to offer a €500m ($586.98m) loan to the Government of India for the Reach 6 line project."

The European Investment Bank (EIB) has announced its intention to offer a €500m ($586.98m) loan to the Government of India for the Reach 6 line project, which forms part of Bangalore Metro phase II.

The financing will be used for the construction of underground tunnels and elevated tracks along the 22km-long Reach 6 metro line.

It will also be used to procure 96 railcars.

The Asian Infrastructure Investment Bank has also agreed to provide an additional €300m ($352.19m) funding for the development.

The Reach 6 line is expected to be completed by 2021.

WSP USA has received a contract from Texas Central to offer engineering support for a bullet train project that is scheduled to be built from North Texas to Houston.

WSP will undertake engineering, cost estimation and scheduling works as part of the deal.

The 240mi-long high-speed rail project is expected to feature a midway stop in the Brazos Valley.