Units converter
Quotes on line
2015 World Crane and Transport Summit
2014 International Cranes and Transport Latin America
World of Concrete 2015

   Search News
GE Transportation, MRS Logistica sign US$349mn locomotive deal (Brazil)
US train manufacturer GE Transportation and Brazilian rail operator MRS Logistica have signed a locomotive purchase agreement worth over 600mn reais (US$349mn).


GE Transportation will supply the Brazilian firm with 115 AC44 locomotives, delivering 60 units in 2011, and the remaining units between 2012 and 2015, according to a GE Transportation release.


MRS also has an option to buy another 100 units. The firm plans to add an additional locomotive to each of its iron ore trains.


The deal represents the largest locomotive purchase agreement in the history of Brazil, according to GE Transportation president Lorenzo Simonelli.


The purchase is being partly financed by national development bank BNDES, news service Agencia Estado reported.


Simonelli announced the deal during the InnoTrans 2010 rail exhibition, held in German capital Berlin from September 21-24.


GE Transportation is part of US conglomerate General Electric.

Send this publication to a friend

More news
Shakeup at Ferrobaires over February accident (Argentina)
Argentina's Buenos Aires provincial government has replaced several high-ranking officials at state-owned rail operator Ferrobaires following a rail accident in February this year. ...
Paraíba pushing to speed up PAC projects (Brazil)
Brazil's federal and Paraíba state governments are discussing projects under the country's growth acceleration plan (PAC) aimed at improving transportation logistics in the northeastern stat ...
Interoceánica Sur generating US$3bn - Ositran (Peru)
Peru's 2,500km Interoceánica Sur highway has generated economic benefits of over US$3bn for the country, according to transport regulator Ositran president Juan Carlos Zevallos. ...