Stadler Rail Wins Large Kazakhstan Order Worth EUR2.3 Bln

By Pierre Bertrand

Stadler Rail AG stated Tuesday that it has signed three long-term contracts with Federal Railways of Kazakhstan value a complete of two.3 billion euros ($2.42 billion).
The contracts cowl the manufacturing and the 20-year servicing of 537 sleeper and couchette coaches and embrace the acquisition of a neighborhood manufacturing facility within the nation with round 100 staff, the Swiss practice maker stated.

The contracts comply with an settlement between the 2 events for a strategic partnership signed on the finish of 2021, Stadler stated.
The sleeping and couchette coaches will likely be delivered by 2030, Stadler stated, including that there’s an choice for added orders.

                        

                

					

                     
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Write to Pierre Bertrand at pierre.bertrand@wsj.com