Texmaco Rail & Engineering Ltd. has announced the receipt of a Letter of Award totaling USD 135 million. The contract is for the Design, Manufacture, Supply, and Commission of Wabtec ES43ACi – 4,500 HP Diesel-Electric Locomotives. The award was issued by Tsiko Africa Logistics (Pty) Ltd. in conjunction with Barberry Holdings (Pty) Ltd. The order is expected to be executed within 20 to 24 months from the signature of the definitive agreement.
Major International Contract Awarded
Texmaco Rail & Engineering Ltd. has secured a significant international contract valued at USD 135 million. The company received a Letter of Award from Tsiko Africa Logistics (Pty) Ltd., acting alongside Barberry Holdings (Pty) Ltd. This substantial order signifies a key development for Texmaco Rail, reinforcing its position in the global locomotive manufacturing sector.
Scope of the Order
The contract encompasses the comprehensive Design, Manufacture, Supply, and Commission of a specific type of locomotive: the Wabtec ES43ACi – 4,500 HP Diesel-Electric Locomotives. This specialized order highlights Texmaco Rail’s capabilities in producing advanced diesel-electric locomotive technology for international markets.
Execution Timeline and Consideration
The execution of this order is slated to occur within a timeframe of 20 to 24 months, commencing from the date of the signature of the definitive agreement. The broad consideration for this contract is set at USD 135 Million, exclusive of applicable taxes and duties. The order has been classified as international, further broadening the company’s global footprint.
Source: BSE
