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Wednesday, June 19, 2024
HomeLatest NewsTalgo signs a financing agreement to start the largest order in its...

Talgo signs a financing agreement to start the largest order in its history

Date: June 19, 2024 Time: 20:57:27

Talgo will manufacture 56 trains for Deutsche Bahn. The Railway Company Signed the Financing to Carry out the Manufacturing of 56 Trains for the Deutsche Bahn Railway Operator, With what is established in the contract, the execution of the contract could begin, the company has informed the National Market Commission of Securities (CNMV).

The contract, valued at around 1.4 billion euros, the largest in the history of the Spanish firm, includes the manufacturing of 56 Talgo 230 trains, called ICE L by Deutsche Bahn, and is configured as an extension of the first order placed by the company. operator of 23 trains in February 2019, bringing the order to a total of 79 units.

By the end of 2024

In February 2019, Talgo and Deutsche Bahn signed a framework contract for the manufacture of up to 100 Talgo trains of the 230 model, the High Speed ​​Train, a self-propelled vehicle with the capacity to travel at a speed of up to 230 kilometers per hour.

Talgo has begun testing the first long-distance and high-speed train ICE L, after its arrival this week in Germany, where certification tests will be carried out aimed at its commissioning between Berlin and Amsterdam at the end of 2024 by of Deutsche Bahn.

After Denmark’s yes

Talgo obtained approval from the finance committee of the Danish Parliament for the extension of a contract with the Danish state railway operator, DSB, to manufacture eight additional Intercity 230 trains and their park parts, for an import of 184 million euros.

This approval therefore complies with the existing condition precedent for the entry into force of the contract, as reported by Talgo to the National Securities Market Commission (CNMV) and reported by ‘Europa Press’.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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