UGL secures $88 million in new locomotive supply and maintenance projects
Written by jrood
UGL Limited has secured two new orders to supply and maintain new rail freight locomotives for the Australian market valued at $88 million. The orders include the supply of seven C44ACi locomotives and a five-year maintenance support program to support rail haulage services for a resources company in the Hunter Valley region of New South Wales. UGL has also secured the supply of thirteen new GE Evolution locomotives to support Rio Tinto's Pilbara iron ore operations and ongoing growth in Western Australia. This brings the total number of GE/UGL rail locomotives at Rio Tinto's Karratha operations to more than 150. "These new contracts reinforce UGL's market leading position in the rail freight market," said UGL's Managing Director and CEO Richard Leupen. "Our locomotive business is performing well with strong demand across all key resources markets." "We are very pleased that a number of leading resources companies have chosen UGL as a key supply and maintenance partner. These projects also support a healthy forward workload for our rail business and further add to our recurring revenue base as we commence the 2012 financial year," addd Leupen.
