Tuesday, July 01, 2014

Harsco secures Switzerland rail contract worth more than $100 million

Harsco Corporation received its second major railway track and infrastructure maintenance equipment award from Swiss Federal Railways (SBB) in Switzerland. The award, valued at more than $100 million, calls for 59 high-speed catenary vehicles that will be used for the construction, maintenance and repair of overhead catenary systems throughout Switzerland. Deliveries will begin in 2016 and continue through 2017.

 

The award comes as a follow-on option to Harsco's previously awarded $100 million-plus contract for specialty utility vehicles that will be used to support rail operations in the new Gotthard and Ceneri Base Tunnels, part of the Swiss AlpTransit project to increase rail capacity across the region.

"We are delighted to receive this second, significant award from the Swiss railway," said Harsco Interim Chief Executive Officer David Everitt. "Together, these two contracts establish a solid foundation to a growing Harsco Rail presence in Europe, with vehicles designed and built to European specifications and standards and utilizing a strong network of established European supply partners."

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