|Hyundai Rotem bags a $190 mn worth deal in Tunisia||2016-10-05|
South Korea’s Hyundai Rotem Co., locomotive and rolling stock unit of Hyundai Motor Group defeated European rivals to land a deal worth about 203.3 billion won ($188.4 million) to supply train sets for inter-city railway in Tunisia.
According to the company Friday, it was notified by Tunisian National Railways SNCFT that it was chosen as the supplier of a fleet of 112 electric multiple units (EMUs) by the second half of 2018.
The firm will sign an agreement with the Tunisian government in October and build trains that would run from Tunis, capital of Tunisia to other two cities on a railway spanning 29.4 kilometers starting 2019.
The deal is the second in kind following a project from the Tunisian government back in 2017 to build 76 EMUs valued at 168.3 billion won including an option of supplying additional 32 cars.
The latest bid had been highly competitive, contested by rivals from France, Switzerland and Spain. The Korean train maker has been successful in the African market, winning orders from Senegal, Sudan, Nigeria and other African countries to supply a total of 1,336 train cars since 1976. It has secured 2.8 trillion won worth deals so far this year.
By Chun Beom-joo
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