Siemens, Thales land €510m train line contract

The French and German industrial giants Thales and Siemens said on Monday they had won a contract worth more than €500 million to revamp safety systems on a high-speed train line in Spain.

"The order has a total value of around €510 million ($633 million) for the consortium," both companies said in a statement.

The two firms will modernize the control, signalling and safety equipment on the roughly 340-kilometre (211-mile) section of the high-speed line between Olmedo and Ourense in northern Spain.

The consortium is 55-percent owned by Thales with the remaining 45 percent held by Siemens.

A high-speed derailment on another section of this high-speed line in July 2013 caused 79 deaths on the outskirts of the northwestern city of Santiago de Compostela, Spain's deadliest train accident since 1944.

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Spain’s Renfe wins deal to build high speed rail service in USA

Spanish train operator Renfe on Thursday said it had signed a $6-billion deal with US rail developer Texas Central to design, build and run a high-speed rail line in the United States.

Spain's Renfe wins deal to build high speed rail service in USA
Photo: Nelso silva/Flickr

In a statement, Spain's transport ministry said the 5.5-billion-euro ($5.9 billion) agreement would see Renfe work alongside its US partner to develop and operate a line between Houston and Dallas that is to become operational in 2026.   

The two firms have signed a preliminary agreement but it is still in draft phase, said Renfe, Spain's national rail operator.   

The Italian construction and engineering firm Salini Impregilo will be in charge of building the 386-kilometre (240-mile) line, the statement said.    

For Renfe, the contract's design and construction phase is worth about $311 million, while operating and maintaining the line from 2026 to 2042 is expected to bring in another $5.6 billion.

Described by Texas Central as the “bullet train”, the project aims to link the two cities in less than 90 minutes including a stop at Brazos Valley.    

Texas Central Partners is a private company set up for the rail project, which Renfe has described as the first-ever high-speed line in the United States.

The US company Amtrak runs Acela trains between Boston and Washington however that it says can hit speeds of up to 150 miles per hour.