Vossloh wins two big contracts in Libya

Written by jrood

Vossloh has won two major contracts worth together around 115 million euros ($115.6 million) in connection with the construction of Libya's new rail network. On behalf of general contractor China Civil Engineering Construction Corporation, Vossloh will equip around 1,300 km (806 miles) of the planned network with its fastening systems and switches. Deliveries will extend from 2010 to 2012.

"These two major
contracts again reflect the vast acceptance enjoyed by our products worldwide.
We are thus further expanding our already strong position in North Africa,"
says Werner Andree, Vossloh AG’s CEO. The Fastening Systems business unit’s
contract is worth some 37 million euros ($48 million), Vossloh Switch Systems’
around 78 million euros ($103 million).

Libya, which had closed
down rail traffic in 1964, is currently investing in the construction of a new
rail network. These contracts mean that Vossloh is now involved in building
both the main lines. One, along the country’s Mediterranean coastline, will in
the long term close the gap in passenger haulage between Tunisia and Egypt; the
second extending inland, will chiefly be used in the haulage of natural
resources.

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