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Hyundai Rotem wins $239 mn locomotive order from Bangladesh

2018.10.11 14:19:09 | 2018.10.11 14:19:28
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[Photo provided by Hyundai Rotem]

[Photo provided by Hyundai Rotem]

Hyundai Rotem, a South Korean railway system and plant equipment maker under Hyundai Motor Group, has won a $239 million order to provide 70 diesel-electric locomotives for Bangladesh Railway, the country’s state-owned rail transport agency authorities.

Hyundai Rotem said on Thursday the contract volume represents about one third of the total order from Bangladesh Railway in the latest bidding, proving it is a key contractor in Bangladesh’s railway project.

The 70 diesel-electric locomotives will be delivered by 2023 to serve the Dhaka and Chittagong route.

The order came five months after the company won a $36 million order in May to build 10 diesel-electric locomotives for the national railway authorities.

Production will begin in 2020 at its Changwon plant in Korea.

Hyundai Rotem`s locomotives with a top speed of 110 km per hour delivering up to 2,200 Bhp will be designed to operate freely on narrow and broad gauge railroads.

By Lee Seung-hoon and Minu Kim

[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]

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